Steps & Strategies

[joshalexd]

I’m planning on moving up to a bigger home, what are the strategies to be considered?

[Dallas Broker]

first contact a local agent and determine if you are able to at least break even on selling your current home. If so, have agent do some research and determine possible sale price and estimated DOM.

[bogart]

There's also the opportunity cost to consider. Perhaps you are losing money on your current home but you may be able to get a bigger home at a great price compared to a few years ago.

[lance.ca77]

Find out how much your current home is likely to sell for, to bridge the gap between when you buy your new home and sell your old one.

[judyo]

Many sellers will not accept a contingent on sale contract in this market. Do you have a place you can stay if you sell your home first and cannot find another home quickly enough?

If you try to find a home first, you run the risk of the seller not accepting your COS contract or being bumped if they do. I'd rather sell first and once I got an accepted contract I'd probably start looking since a Contingent on Close contract is more acceptable to sellers.

However, I'm seeing pre-approved buyers getting turned down by PMI companies and other crazy stuff so it ain't closed until it closes and can create a bad domino effect.

[jacob.martin101]

Firstly, know if a property is worth buying. Make use of tools which does complete evaluation which eventually helps you to make wise home buying decision.

[lance.ca77]

Keep an eye on the market & its trends & preview properties in your target price range and location.

[jacob.martin101]

Here's one such tool which will help you to determine if a property is a good investment. It’s a smart real estate rating engine that provides a lot of information & insight for making a safe real estate investment. It identifies properties with the most value, establishes the right price range to pay and can help produce positive cash flow for you. Look into http://www.smartzip.com/info/score

[jacob.martin101]

SmartZip™ Intelligently finds the best properties in the best markets, It establishes collateral value of a property (current and future) & you can know if a property is really worth buying.