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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MSI who wrote (7004)11/21/2002 6:42:52 PM
From: MulhollandDriveRead Replies (1) | Respond to of 306849
 
i think he's referring to his principle residence...10% sounds more realistic.

real estate commission, escrow and title, and moving costs (which can be relatively minor if you are only moving across town, major if cross country)

just curious though....nobody seems to make the transaction cost argument against selling if the seller intends to "move up"...

it's only when a person decides to cash out that this is presented as a detriment.



To: MSI who wrote (7004)11/21/2002 8:16:36 PM
From: Wyätt GwyönRead Replies (1) | Respond to of 306849
 
nice breakdown. thanks for sharing. i imagine few sellers include all those costs in their "mental account", although the bank account certainly reflects them. btw, did you also include cost of painting, etc. to make the place an easier sell?


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