Friday, March 25, 2022 / by Emman Cristobal
Mistakes To Avoid And Decisions To Make When Moving Up To Your Next Home
If you already own a home and are considering a move-up, there are issues to consider. You will want to sell your existing home at just the right time in order to avoid owning two homes, or just as bad, owning none at all and having no place to live. If you want to get the best price for your existing home, there are certain things you can do to enhance it in the prospective buyer’s eyes. These fix-ups don’t necessarily have to be expensive and can give you up to 10x the return in the price once you sell your home.
Your realtor will be able to make suggestions as to what should be done to your home. Plan to sell before you buy, this way you won’t feel pressured at the negotiating table to accept an offer below market value because you have to meet a purchase deadline. Plus, you’ll be able to buy your next home with no strings attached. If you get a tempting offer on your home but have not made any headway in finding your next house, you can always put in a contingency clause in the sale contract, which will give you a reasonable time to find a home to buy.
Pre-approval is a very simple process that many homeowners fail to take advantage of. It doesn’t cost or obligate you to anything, but it does give you a significant advantage when you put an offer on a house because you know exactly how much house you can afford as you have the green light from your lending institution.
The realtor who gave you this video can help you figure out your affordability. This realtor works with a number of lenders. They may be able to arrange special financing with one of their mortgage partners. All the best and good luck with your home search.
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