Navigation

Home
About Us
Advertise with Us
Contact Us
Just Arrived
Press Room
Real Estate
Writer's Forum


 
Real Estate Sellers

Does Moving Up Make Sense?

5 Things to Do Before You Sell

10 Ways to Make Your House More Salable

5 Ways to Speed Up Your Sale

7 Steps to Preparing for an Open House

10 Ways to Make Your Home Irresistible at an Open House

7 Terms to Watch for in a Purchase Contract

What You'll Net at Closing (Print)

Moving Tips for Sellers

6 Items to Have on Hand for the New Owners

DOES MOVING UP MAKE SENSE?

Answer these questions to help you decide whether moving up makes sense.

1. How much equity do you have in your home? Look at your annual mortgage statement or call your lender to find out. Usually, you don’t build up much equity in the first few years of paying a mortgage, but if you’ve owned your home for a number of years, you may have significant unrealized gains.

2. Has your income increased enough to cover the extra mortgage costs and the costs of moving?

3. Does your neighborhood still meet your needs? For example, if you’ve had children, the quality of the schools may be more of a concern now than when you first purchased.

4. Can you add on or remodel? If you have a large yard, there might be room to expand your home. If not, your options may be limited. Also, do you want to undertake the headaches of remodeling?

5. How is the home market? If it’s good, you may get top dollar for your home.

6. How are interest rates? A low rate not only helps you buy more home, but also makes it easier to find a buyer.



Copyright 2003-2008 - Powered By City America.
Use of this website constitutes acceptance of our
User Agreement and Privacy Policy.