Homeowners, Are You Ready to Buy Up?
No matter how much you love your current home, you may still be dreaming of the day you can buy up into a better home in a better neighborhood.
Is that day today or a few years down the road?
Here’s a quick way to make that assessment.
Make a list of the positive reasons for moving up
First, make a list of all the practical reasons why it might be time to move up. Those reasons might include features such as: more bedrooms; proximity to work and school; a larger backyard with trees; nearby parks and walking paths; and, better access to things you enjoy, like theater.
Next, make a list of the emotional reasons for making such a move. Those reasons might include memorable get-togethers with friends on a more spacious deck; an easier and less stressful commute to work; more family time with the kids; and, enjoyable Saturday golf at a nearby course.
Finally, take a financial snapshot to determine if you can afford to move up. You’ll need to get a good idea of what your current property will sell for in today’s market, the average price of homes in your desired neighborhood, and how much mortgage you can afford.
Once you have all of that down on paper, you’ll have a clear picture of your readiness. If the practical and emotional reasons for buying up are compelling, and you can afford to make the move, then, you have your answer.
By the way, if you need help in making this determination - especially figuring out what
your home will likely sell for, give us a call today and we can help yoou with te valuation of your property.
See you next time!