that will entice new buyers. Do some repairs and improve your curb appeal before putting your home on the market. Exploremarket conditions: Look into the current housing market to see whether it’s a good time to buy or sell. You don’t want to overpay for your new home and end up underwater later. Renting a bigger house: You can always start by renting a bigger home before you buy. Consider the areas where you want to live and look for a great deal on a rental to give you a feel for what it’s like to upsize before you actually buy some - thing new. Some landlords even offer a rent to own option if you fall in love with your new place. Financing the new place: Make sure you get a good interest rate on your new mortgage. Talk to a mortgage broker who can help you find the best deals and terms. Think about how much home equity you currently have and what type of equity you can expect to gain in the future with your bigger home.
What to look for in a larger house: Write down the most important features you’re looking for in a bigger home. You should also list your favorite neighborhoods to help you narrow down your choices. Finding an agent: Look for a reputable local real estate agent who’s familiar with your market. Ask friends or family for referrals to make sure you choose a quality agent who can help you market your current home and find the right new home for your needs.
it’s time to buy. Talk to a real estate agent and have them help you find a great deal in your local market. You should also consider whether to sell your old home first and use the profit to put a down payment on the new one or start looking for a larger home first before you sell. Preparing your house for sale: Make sure your current home is ready to sell so that it goes quickly and for the most money. A staging service can help you create a beautiful space for listings
Moving to a bigger house If moving to a bigger, more expensive house is your preference, here are some things to consider. How to afford a more expensive house: Sit down and calculate how much home you can afford based on your current debt to income ratio. Plan a budget and make sure that you stick to it so you don’t end up going over when
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NOVEMBER/DECEMBER 2021 • SPOTLIGHT ON BUSINESS MAGAZINE
SPOTLIGHT ON BUSINESS MAGAZINE • NOVEMBER/DECEMBER 2021
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