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 understand 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 on owning two homes or, just as bad, the dilemma of having no place to live during the gap between closings. Here at the Grubb Company, we have a rare solution to the first of these two issues. We are happy to discuss our 'Alternative' Option is you should so desire.
The six most common mistakes are:
Rose-colored glasses
Failing to make necessary improvements
Not selling first
Failing to get a pre-approved mortgage
Getting caught in the Real Estate Catch 22
Failing to coordinate closings
Feel free to call us anytime to find out what you need to know before buying a larger home.