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When you have built some equity in your current home and feel like it’s time to move up into a larger and more comfortable home, what should you begin to consider?
- You need to know your budget, and this also means that you need to know how much equity you have in your current home. This will help you to calculate how much money you’ll need to put down towards a second home.
- How long do you plan on staying in the next home? This will dictate where you buy the home, what type of home you buy, and what you should do with the property.
- Can you afford two mortgages? It doesn’t always happen, but occasionally people can get stuck in two mortgages if they cannot sell their home fast enough. This can be a little tricky, but we often see multiple offers, so it’s possible to buy and sell at the same time. It takes a little patience, but we have done this for many customers before.
If you’re interested in moving up into a nicer home, then I suggest you do so now. The market is performing extremely well, and this is giving you a great opportunity to move into a nicer home.
Contact us for a free consultation to get the process started. We look forward to continuing this conversation with you!
