Tips For Jonesboro Move Up Buyers
It’s Time to Move Up!
Here’s the dilemma, at the time you bought your current Jonesboro home, it was the right place for your family’s needs. It was the perfect home that fit your finances, located in a great school district, and cozy enough to be relatively low-maintenance. That was three kids and several promotions ago. With the passing of time, you’re wondering where all the space went?
Longing for More Room or An Upgrade?
Like many growing Jonesboro families, that cozy feeling of your current Jonesboro home has gradually drifted into wishing there were more room. You realize it’s time for more space and an upgrade. You figured it’s worth tackling the challenges involved in moving even if it’s across town. This much we know - it makes no difference if you’re moving across town or across the country, moving is never easy. It’s tough on you physically and mentally. Plus you have to work through the logistics of selling the home you live in and purchasing a new one, often at the same time. That’s when it gets real complicated and you know you need an expert real estate professional who has experience managing two transactions at the same time.
Here are some tips we recommend to clients moving into a larger, more expensive home.
Preparing for Moving Up
Before you think about buying a bigger home, begin by prioritizing your home buying needs. Things have changed since you last bought your current home, so your needs have changed dramatically. Just in case you may have forgotten, here are some of the more important aspects of buying a Jonesboro home.
- Select an experienced Jonesboro real estate professional to help protect your interest
- Get loan pre-approval or at least pre-qualified for a mortgage
- Budget for the costs of the new home. 1. Arrange funds for the down payment. 2. Reserve funds for your transition.
- Knowing the available housing inventory and the type of market your area is experiencing - Looking before you leap
- Getting your current Jonesboro home ready for the market
- Price it right!
- What if you find a new home for yourself before selling your current home
- The need for a longer closing period – All parties may not be in favor of this!
- What if you have to make a contingency sale offer
- Be prepared to rent-back your home between the sale of your current home and the purchase of your new home