How To Avoid These 6 Costly Mistakes When Trading Up To A Larger Home
Wednesday Aug 07th, 2019Share
Six Costly Errors When Moving to a Larger Home
Unlike the experience of buying a first home, when you’re looking to move-up, and already own a home, there are certain factors that can complicate the situation. It’s very important for you to consider these issues before you list your home for sale. Not only is there the issue of financing to consider, but you also have to sell your present home at exactly the right time in order to avoid either the financial burden of owning two homes or, just as bad, the dilemma of having no place to live during the gap between closings.
In this report, we outline the six most common mistakes homeowners make when moving to a larger home. Knowledge of these six mistakes, and the strategies to overcome them, will help you make informed choices before you put your existing home on the market.
1. You can, and should, get preapproved for a mortgage before you go looking for a home
Preapproval is easy, and can give you complete peaceof-mind when shopping for your home. Your local lending institution can provide you with written preapproval for you at no cost and no obligation, and it can all be done quite easily over-the-phone. More than just a verbal approval from your lending institution, a written preapproval is as good as money in the bank. It entails a completed credit application, and a certificate which guarantees you a mortgage to the specified level when you find the home you’re looking for.
2. Failing to make necessary improvements
If you want to get the best price for the home you’re selling, there will certainly be things you can do to enhance it in a prospective buyer’s eyes. These fixups don’t necessarily have to be expensive. But even if you do have to make a minor investment, it will often come back to you ten-fold in the price you are able to get when you sell. It’s very important that these improvements be made before you put your home on the market. If cash is tight, investigate an equity loan that you can repay on closing.
To help home buyers deal with these issues before you put your home on the market in anticipation of moving to a larger home, a free report entitled " Six Costly Errors When Moving to a Larger Home " has been compiled which explains the issues involved.
To Request your FREE Report: Six Costly Errors When Moving to a Larger Home Free Reports tells you how go to: www.gtarealestatehomes4sale.com/buyer_mistakes or call our Free recorded message 1-833-501-3317 and ask for ID #1004.