When you decide to sell your current home to move to a larger one, you’ll find that there are factors that can complicate the transition. It’s important to understand these issues before listing your current home for sale. This experience will be very different from your first home purchase.
Moving day should be exciting, but it can become difficult if you don’t plan well. You must consider financing, of course, but you’ll also need to sell your present home at the right time to avoid the possibility of having payments on two homes! Just as scary is the possibility of having nowhere to live if there is a time lapse between the closings for the home you sold and the one you just purchased.
This article alerts you to the six most common mistakes made by homeowners when they move to larger homes. Being aware of them and knowing how to overcome them will enable you to make good decisions before you list down your existing home for sale.
We all dream, at one time or another, of improving our lifestyle and moving to a larger home. But there can be conflicts between what our heart wants and what our bank account will allow.
You may have been charmed by and fallen in love with a home that’s for sale. When you call the agent, you learn it has just been sold, or you find out that it’s priced higher that what you’re willing or able to pay. Home buyers frequently find themselves in this situation, but there is a much easier way to find a home you love at a price within your budget.
Ask your agent if he or she offers a Buyer Profile System or House-hunting Service. This can eliminate the guesswork and help you find the home of your dreams by cross-matching your requirements with all of the available homes on the market. It provides current information throughout your search, and helps home buyers achieve their dreams to move into a home they love and can afford.
Invest whatever you need into home improvements before listing your home. To get the best possible price for the home, do whatever is necessary to appeal to prospective buyers’ eyes. Fix-ups don’t necessarily have to cost a lot, but every small investment you make on repairs or enhancements often will help you achieve higher sale price.
Improvements always should be made before listing your home for sale. If cash is tight, think about an equity loan that can be repaid on closing.
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Sell First and Then Buy
Always plan to sell first, and then buy, to keep from finding yourself at a disadvantage at the negotiating table, feeling pressure to take a below-market-value offer to be able to meet a purchase deadline on your new home. Once you’ve sold your home, you’ll be ready to buy a new …