o you’re thinking of a home and find out it is sold or
trading up. This time when more than you are willing to pay
you buy there is a new and many home owners get caught
wrinkle. It’s not like the last up in this hit or miss strategy.
time when you didn’t already own Find out if your agent offers a
a home, this time you already own Buyer Profile System or House
a home. Not only are there Hunting Service, which takes the
additional considerations for guesswork out and helps put you
financing your next home, there in the home of your dreams. It
is the timing issue. Would you takes into account your criteria
rather have the possibility of and all the available homes to
owning two homes or the dilemma supply you with updated
of having to find temporary information on an on-going basis.
housing between homes? This helps to remove those
rose-colored glasses.
Here are 5 strategies to avoid
the most common mistakes that Making the Necessary
homeowners make when moving up. Improvements: Are you interested
Knowing about them beforehand in getting the best price for the
will give you the opportunity to home you are selling? Then there
overcome them by making informed are certainly things that you can
decisions. do to enhance it for the buyer.
Fix-ups don’t need to be
The Dream Home: Let’s face it, expensive to be effective.
we all dream of improving our Making minor investments can come
lifestyle and moving to a larger back to you ten-fold when you get
home. What prevents us from ready to sell. If you don’t have
doing that is the discrepancy the cash, investigate an equity
between our hearts and our bank loan that can be repaid when you
accounts. It is easy to drive by close.
institution. It helps you
Sell First: If you don’t want to ascertain how much home you
find yourself at a disadvantage qualify for and your projected
at the closing table, sell before payment. Don’t fail to take this
you buy. If you don’t, you may important step.
feel pressured to accept a below
market offer to meet a purchase Coordinate Closings: When
deadline. Selling first allows coordinating two major
you to buy with no strings transactions together with all
attached. This not only helps the people involved like mortgage
your bargaining position in experts, appraisers, lawyers,
selling your old home, but also loan officers, title company
in purchasing the new one. It representatives and home
may be possible to sell your inspectors, the chance of a
current home and rent it back for mix-up or miscommunication goes
a short time. Another up dramatically. If you want to
possibility could be to rent out avoid a nightmare make sure you
your current home to put it on work closely with your agent.
the market later.
Keep these strategies in mind and
Get your Mortgage Pre-Approved: you should have a great
Pre-Approval does not cost you experience and remember.
anything or obligate you, but
many homeowners fail to take A down market represents an
advantage. This step gives you a excellent time to trade up. By
significant advantage when understanding that more expensive
submitting an offer to purchase a homes typically get hit harder on
home. It lets the seller know prices you will get the concept.
that you already have the green Let’s say homes in a down market
light from your lending have depreciated 5% in value.
That two hundred thousand dollar reduced by $10,000. That
home you are selling has taking a accounted with the gap reduction
$10,000 hit in value, but that between the prices of the two
$400,000 home you are purchasing homes. A down market represents
has taken a $20,000 hit in value. the best financial time to trade
It means your overall cost in up.
moving up to your new home is
About the Author:
Bruce Swedal is your Highlands Ranch Realtor providing professional real estate services to the Denver real estate market. Serving the entire Denver Colorado real estate area.
Read more articles by:
Bruce Swedal
Article Source: www.iSnare.com 
