Selling to Buy a Bigger Home? It May Be Rough in This Hot Market

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    Selling to Buy a Bigger House? It Might Be Rough in This Hot Market

    < img src =" https://images.wsj.net/im-342061/social" class =" ff-og-image-inserted "/ > Luis Gazitua put his Florida house up for sale in April when he saw the increase of customers coming from out of state to buy houses at costs he had actually never imagined.

    Within days of noting it, his three-bed, three-bath, 2,800-square-foot house on an acre lot received three all-cash deals of $1.7 million each. That is $700,000 more than he paid in 2018.

    But prior to the bidding war started, the Miami insurance coverage broker and dad of 9-year-old twins, pulled his home off the marketplace.

    ” We fell into the buzz; it became enticing. You’re going to sell your house and make more cash than you ever have, but then where are you gon na go?” says Mr. Gazitua, who couldn’t find anything he liked under $3 million.

    After a long year invested cramped in the house, lots of homeowners are excited to move into larger spaces. These sellers stand to benefit from the hot real estate market, however trading up might be difficult.

    Released at Sat, 22 May 2021 09:30:00 +0000

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