When you decide to sell your home to move up to a bigger one, you’ll find that there are factors that can complicate the transition. It’s important to understand these issues before listing your present home for sale. The experience will be very different from your first home purchase.
Moving day should be exciting, but it can become difficult if you haven’t planned well for it. This article will point out the four most common mistakes made by homeowners when they move to bigger homes. Being aware of them and knowing how to overcome them will enable you to make good decisions before you list down your existing home for sale.
We all dream, at one time or another, of improving our lifestyles and moving to bigger homes. But there can be conflicts between what our heart wants and what our bank accounts will permit.
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Invest on Home Improvements
Invest whatever you need to on home improvements before listing your home. To get the best possible price for the home you want to sell, do whatever is necessary to appeal to prospective buyers’ eyes. Improvements should be made before listing your home for sale. If cash is tight, think about an equity loan that can be repaid on closing.
First Sell Then Buy
Once you’ve sold your home, you’ll be ready to buy a new one with no strings attached. If you get a good offer on your home before finding a new one, think about adding a contingency clause to the sale contract. That will allow you to remain in the home for a reasonable time while you find a new home. For finding new home browse Dubai Creek Harbour Apartments for sale.
Start by Getting a Pre-approved Mortgage
Many homeowners fail to take advantage of pre-approved mortgages. It’s a simple process that doesn’t cost you anything or obligate you in any way but does give you a significant advantage when you make an offer on a home.
You know exactly how much you can afford to spend, and already have the green light from your lending institution. And your offer will be viewed more favorably by the seller, even if it isn’t the highest offer.
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