Todays real estate market presents a great opportunity for the "move up" buyer and here is why. Let's say the home you are currently living in is worth $350,000 and the home you need to move into is worth $650,000. So you decide to make an offer on the $650,000 home for $600,000. The sellers are motivated and you are the first offer they have seen in six months, so they accept your offer. Now you must sell your home, you put you home on the market for $350,000 and after 30 days havn't received any offers to consider. You then drop you price to $335,000 and get an offer right away. You are now able to purchase your new needed home. Yes, you had to drop the price of your own home by $15,000 but you were also able to purchase your new home for $50,000 less than market value netting a gain of $35,000! Remember, you make money in real estate go in not going out. Move up buyers are in a market today to capitalize on move up homes by purchasing them for below market value. A 10% price drop on a $650,000 home is far greater than a 10% price drop on a $350,000 home. So, if you are looking  for a larger home to meet your needs now is the time to buy!