I bought my condo in North Austin 2 years ago.  How do I know when it’s a good time to sell and buy a home?  Or, in the interim, how do I know if I should refinance?
Madeyline

Thanks for your question. As we all know the real estate market fluctuates as do reasons for buying a selling. It costs money to buy and sell, so some people want to make sure they are getting a good deal. Since you purchased 2 years ago, you probably haven’t gained much equity. It usually takes several years before a home has gained enough equity to turn around and sell. Of course, this depends on when a home was purchased, where it is, etc. You will probably want to stay for another couple of years in order to gain some equity. Now this would not be the case if you have just won the lottery! [Read more...]