Stephenville Real Estate Offers Some of the Best Options for Trading Up

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At some point, life changes dictate a change in property ownership: marriage, children, retirement, or just a desire for change. Whatever the reason, you want to trade up in home size, location and/or features. You want to find a new place. Just like when you bought your first home, you need to evaluate your situation and crunch the numbers to see what you can afford. Just because you want a bigger, better home doesn’t mean it makes sense for you to buy now. House Hunters Home Buying Guide has laid out a series of steps to make sure that trading up in property is viable:

  • Step 1: make sure your credit score is towards the top of the ranking and calculate your debt-to-income ratio which should be 33% or less ideally.
  • Step 2: assess your liquidity to decide if trading up is financially feasible
  • Step 3: make a home wish list detailing desired features
  • Step 4: get pre-approved at a favorable mortgage rate
  • Step 5: partner with a real estate broker and identify an attorney to help you with the paperwork
  • Step 6: decide upon a location in which to conduct your search
  • Step 7: set aside time to tour as many homes as possible in your location
  • Step 8: calculate the fair market value of both your current home and the new purchase
  • Step 9: make an offer and negotiate terms
  • Step 10: close the deal within the terms established

We are here to tell you that with its large lots, farmlands and expansive acreage, Stephenville is a viable option for workers and families looking to upgrade their living situation. Ours is a safe community with great schools and within manageable distance of the cities. We can not only help you accomplish the steps above but find that perfect next step in your real estate dreams. Give us a call today so we can help you begin your quest.

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“Eric & Jamie Hayden were great to work with. They are very responsive and know the area well. They have a great team around them that made the process of selling very easy. We were out of state during the sale and they went above and beyond to assist in coordinating with us. Definitely recommend!”