Trading Up?
Trading Places. Trading Spaces. Trading Up.

Trading up is the name of the game when it comes to second homes. Think about it. Some people live in their primary homes for a lifetime. Can the same be said about your second home. Is this your first and only or have you always had the idea in your head to “move across the street” or “get to the water”

I have a friend who owned a house on the west side of Landis. It was an old duplex in real bad shape. He didn􀀂t have the capital to fix it up and his dream was to “Get to the Beach”. Sounds impossible right. Well he is a real guy and he lives in a real house on the beach here in Sea Isle. How did he get there? Well that’s a bit of a story.

It all began with trust. He picked me to trust and after 4 years and a lot of effort he was living the dream. Keep in mind, this was not a wealthy man. He was just like a lot of Sea Isle owners. A Philadelphia born and bred neighborhood guy, living in a Beachfront Home.

You can do it. Beachblock, Bayfront, Beachfront. You can get there. It could take some time, but it can happen.

Is it a good time to try this?

It’s a great time. Take a look at the story again. The journey I took with my friend started in the early 90’s just as we were emerging from a five year long real estate recession. The key to executing a plan like this is to list your home with the condition that upon receipt of an acceptable offer, you be able to find a “suitable replacement property”. What this means is that upon the event of an offer on your home you need to be able to find that perfect replacement in a short period of time. So it really helps to have a solid list of homes to choose from. A solid list of inventory like the one we have right now.

There is so much more to pulling off a successful trade up than I can explain in this letter, so lets just leave it at this.

If you have ever thought about trading up to a newer unit call Stephen Freda at 609-263-5301

No comments

Jump to comment form | comments rss [?] | trackback uri [?]

Want to Respond to this Article?

You must be logged in to post a comment.