We currently have a 30 year FHA loan and we have been in our Overland Park house for 12 years. My wife and I have heard that this is a great time to buy because house values have hit their bottom. We have decided to buy bigger a house here in Overland Park. How do we go about selling our current house and purchasing a bigger house?

Question: We currently have a 30 year FHA loan and we have been in our Overland Park house for 12 years. My wife and I have heard that this is a great time to buy because house values have hit their bottom. We have decided to buy bigger a house here in Overland Park. How do we go about selling our current house and purchasing a bigger house?
Adam & Kerry H. from Overland Park, Kansas

Answer: First, you are right that houses in Overland Park may have hit their bottom and that it is a great time to buy a house. I would first  contact a real estate marketing specialist in Overland Park. Have them provide you with a Comparative Market Analysis to see what your house is worth. After reviewing the comparable sales for your house, you will have a good idea what you can sell your house for and whether you can make the next step of selling your current house and buying a bigger house.

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Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty 

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