Selling To Move Up
When you’re ready to sell the home you live in while looking to buy a move-up home (perhaps for more space or a preferred neighborhood), timing is everything. Before you make any big decisions, become informed by knowing your options.
The first and most important thing to do is to get your current home in tip-top shape for the market. It is difficult to qualify for two mortgages—even more so in a slow market. Your time frame will influence the price of your home. It’s important to have an experienced professional helping you with your transition and timeline planning so that when you find your dream home you are positioned to move forward with ease.
The second step is to find out the current market value of your home. It is also a good idea to have the condition of your home checked by a professional and make any needed improvements or renovations.
The transition of selling one home and buying another can be overwhelming, and it is important to contact a lender as soon as you are ready to move forward so you can understand the parameters you’re working within. If you don’t have a lender, contact your REALTOR® for suggestions and recommendations.