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- Jun 1, 2006
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I think it is a very smart move. I doubt home prices will be going up in the next couple of years. Increasingly I am seeing "Back on the market" on homes that were in pending sale. We love our home but we are also saying in the unlikely we find something that we love more for a steal, we may consider swapping homes.
That's a very good point. In the case of this home we were thinking of buying, the seller lives in another state, and this was his second home - purchased less than a year ago. (Our real estate agent there had shown us this home last June, when it was still for sale from the previous owner.) The current owner works in the petroleum industry, and his situation has deteriorated so quickly, and to such a degree, that he can't afford to own two homes. He put this one back on the market at his cost, just to get out from under it. He'd only used it a handful of times.
To quote the title of an old W.C. Fields movie, "If I only had a million..."
Dave