What is “Buying Up”?
Buying up is when you have outgrown your home and you need to get a more expensive home. Maybe you just got married, had children, or like your children’s clothing, the home is getting to small.
It costs money to buy up, but the best time to buy up is in a down market.
- The total cost added to a family in 2007′s hot real estate market was $85,000 – $95,000 … even after they sold their starter home for a bundle of money.
- Today the buy up cost is as low as $25,000 … even though they have to sell their start-up home in a tough market.
The buy up cost is the total amount of expense added to the family.
Today is a great time to “Buy Up”!
JR McGee
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