152: Trade Up or Down: 10 Tips for Transitioning to Your Ideal Home Size

Dec 30

10 Tips- Going Big or Small??

So… You’ve enjoyed your current home. Did some upgrade… living there for 10 or 15 years but now you are thinking about changing some things and you’re ready to move:

Beach house

Mobile home

Island house

Mountain home.

Before we get into those 10 tips Remember these things:

-Before selling though consider NOT to remodel!

-Going smaller is harder than going bigger. You tend to want to take your furniture with you!

-Be open to the idea of a fresh new beginning. Have the money in the bank

10 tips to trading your home

Assess your needs. WHY DO YOU NEED THE LARGER/SMALLER SPACE. Growing or shrinking family retirement.
Know your financial status and the impact that this move will make.
Do the market research. Hire the professional that knows the area.
Need to sell before you buy. Talk to your lender to decide what is the best decision for you and your financial situation.
Home equity. If you want to use the money from your current property.. then you need to sell. OR you can take the equity from your first house to use on your second house. Consult with your lender.
Mortgage pre-approval. Have a great lender that can set you up with a lending program. UNLESS you are buying in cash. As an ELP- get rid of that. Mortgage.
Get great professional help. Lender. Realtors. To help make this move. You may need 2 agents! One to sell and one to buy! One agent MAY not be able to do it all.. unless it is local and in some cases.
Renovation cost. We may need you to freshen up. Flooring. Paint update. Exterior updates. Generally termite repairs. Now is the time to get around to those repairs. Budget for those.
Declutter and staging. Get it ready for the market. Get rid of you things. Pack away the majority of your things. We set you up with a stager to help make the buying and selling experience beautiful.
Contingency plan. Put your home on the market and figure out where you are going to go. And have a contingency plan JUST IN CASE.

Tune into Episode 152 today to hear so much more!

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