{"id":854,"date":"2014-04-28T21:30:31","date_gmt":"2014-04-29T01:30:31","guid":{"rendered":"https:\/\/www.beingbobblog.com\/?p=854"},"modified":"2014-07-11T13:56:18","modified_gmt":"2014-07-11T17:56:18","slug":"does-moving-up-make-sense","status":"publish","type":"post","link":"https:\/\/beingbobblog.com\/happy-holidays\/does-moving-up-make-sense\/","title":{"rendered":"Does Moving Up Make Sense?"},"content":{"rendered":"

\"\"<\/a>Here are some questions that will help you decide whether you\u2019re ready for a home that\u2019s larger or in a more desirable location than your current one. If you answer yes to most of the questions, \u00c2\u00a0it\u2019s a sign that you may be ready to move.<\/strong><\/p>\n

Have you built substantial equity in your current home?<\/strong><\/span><\/p>\n

Look at your annual mortgage statement or call your lender to find out. Usually, you don\u2019t build up much equity in the first few years of your mortgage, as monthly payments are mostly interest, but if you\u2019ve owned your home for five or more years, you may have significant, unrealized gains.<\/strong><\/p>\n

Has your income or financial situation improved?<\/strong><\/span><\/p>\n

If you\u2019re making more money, you may be able to afford higher mortgage payments and cover the costs of moving.<\/strong><\/p>\n

Have you outgrown your neighborhood?<\/strong><\/span><\/p>\n

The neighborhood you pick for your first home might not be the same neighborhood you want to settle down in for good. For example, you may have realized that you\u2019d like to be closer to your job, relatives, or live in a better school district.<\/strong><\/p>\n

Are there reasons why you can\u2019t remodel or add on?<\/strong><\/span><\/p>\n

Sometimes you can create a bigger home by adding a new room or building up. But if your property isn\u2019t large enough, your municipality doesn\u2019t allow it, or you\u2019re simply not interested in remodeling, then moving to a bigger home may be your best option.<\/strong><\/p>\n

Are you comfortable moving in the current housing market?<\/strong><\/span><\/p>\n

If your market is hot, your home may sell quickly and for top dollar, but the home you buy also will be more expensive. If your market is slow, finding a buyer may take longer, but you\u2019ll have more selection and better pricing as you seek your new home.<\/strong><\/p>\n

Are interest rates attractive?<\/strong><\/span><\/p>\n

A low rate not only helps you buy a larger home, but also makes it easier to find a buyer.<\/strong><\/p>\n


\n<\/span>\"Bookmark<\/span><\/a><\/strong>
\n<\/p>\n","protected":false},"excerpt":{"rendered":"

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