You have just found the
perfect new house for your growing family, but it is a bit out of your price
range -- unless you can get an extra $20,000 for your home. One can never
be sure how much a house will sell for. It is always possible to list a home for
a little more than it may be valued in the hopes that you could get lucky. After
all, it just takes one buyer, and the market is busy!
However, if you want to sell your home faster,
maybe you should consider taking less than you hoped to get. Don't buy and sell so close to the bottom line that you
become concerned that the numbers aren't as close as you would like them to be.
If you set your price within 5% of the market value, you greatly increase your
chances of getting good offers that will result in a pretty fast sale (depending on market conditions). There
may be other ways to increase your buying power and get you into that new house,
such as adjustable rate mortgages or seller financing. When you are selling one
home and buying another, you will need more than luck and the possibility of
finding one person who may be willing to pay the extra amount you would like to
get. Remember, you will need a highly professional real estate agent who can give you
solid advice on how to make the transaction work for you.