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Wants to sell but fearful of buying

Posted by Scott Van Voorhis March 29, 2013 10:37 AM

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In a market where the pickings are slim, there are a lot of would-be home sellers out there afraid to make a move.

These include one of the more frequent contributors to the comments section of this blog, isitfriday.

She confides she is looking to sell her house for a half a million, but is "scared we will have no place to live."

It's an increasingly bigger problem in today's market. As prices rise, sellers who may have given up on the idea of moving onto something bigger or better are now rethinking their earlier assumptions.

But they also see crazy competition for the few listings out there and wonder if trying to buy right now is really such a good idea.

Here she is in her own words. Sage readers, comment board regulars, what's your advice?

Serious question here: my husband and I are about the put our house on the market in the "sweet spot" range- we're looking at $499k. I think it will sell quickly. The problem is....we need to live someplace! We are looking to move into a very specific area. There's basically nothing on the market there- its either wayyyy out of our price range or crap. On the other hand, we NEED to maximize the sale of our house- get as much $$ out of it as we can to "move up". I'm scared we will have no where to live. Sell?????

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About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.

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