Question: I need more space – now what? This remains one of the top reasons people make the choice to move. Many of the people I work with come to me with this question in mind. Curious about the next step and concerned that they take the right steps, at the right time to maximize their real estate experience and of course – keep a roof over their head.
With that mind consider the following:
Step 1. Start with understanding what you are looking for in your next home. Start with defining your budget. If you are paying cash for your next home you may have a very good understanding of what your budget will be. If you are looking to mortgage your next home, then the best way to fully understand your budget is to consult with loan officer. Being comfortable with the loan officer and working with one that has experience is important. To help I put together the following list:
https://johnricerealtor.com/partners/
You may decide not to spend as much as you are approved for – that is certainly fine and frankly many people choose not too. However it is much better to understand the numbers BEFORE shopping – so you know what is comfortable and therefore what the price range will bear that is the best fit for your budget.
Step 2. Determine the numbers on your current home. You can do that easily by visiting: www.easymarketvalue.com
Why do this BEFORE house shopping? In many cases it’s in your best interest to put together the full strategy before going shopping. It keeps your emotions in check right away – it’s painful to find “the perfect home” only to find out that 3 other buyers in line already sold their home and you did not get that far yet….The most beneficial reason is to understand fully the timing of what to expect and -yes- put your best foot forward when it comes time to make the offer on “the perfect home.”
Step 3. Check out what’s on the market – a great place to start understanding what is out there is to visit: https://johnricerealtor.com/move-buyers/
Once you have a feel for what is out there and that your budget and your needs/wants in your next home align – then its time for action.
Knowing and understanding each step and the numbers behind each will set you up for success and minimize stress and surprises.