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Homes ARE selling, but there is a lot of competition out there right now. If your home is priced right, staged and in very good condition, you have better than average odds of selling in the next year or so. The amount of equity you currently have will also be a factor. The more equity the better. You will probably not like the price your agent recommends selling at, but just remember that you'll be purchasing a home at today's low prices and with interest rates at historic lows, so you may still come out ahead in the end. Especially since you need a larger home, move up buyers have the most to gain right now - you probably won't lose more on your current home's sale than you'll gain on the purchase of a larger, more expensive home. I love Winston Salem and have sold several homes in Kernersville this year. Feel free to contact me if you've got more questions or if you'd like an analysis of your home's current market value.
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For Sale: $110,000
For Sale: $262,400
For Sale: $469,900