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.
“Cindy Carrell is an amazing realtor! Cindy did an excellent job marketing our home & successfully helping it to sell for exactly what we wanted and in under 60 days. Cindy is professional and a pleasure to work with. She is prompt to answer questions and to help resolve those situations that arise while selling and buying a home. Cindy also helped us find our forever home within a week of listing our house. If you are looking for a realtor Cindy is an excellent choice!”
Cindy Carrell is an amazing realtor!
“Terry Childers was extremely helpful, reliable, friendly, and knowledgeable. We had some bad luck while house hunting but Terry was persistent and never let up. He went above and beyond to make sure we were satisfied. If we ever sell or buy again Terry is our only choice.”
“Desiree Bridges went above and beyond to help us first time home buyers go through the, at times stressful, process. She constantly followed up on items and helped us stay on track, along with the bank and seller. Throughout the entire process she was professional, knowledgeable, and trustworthy. She took our complete lack of real estate knowledge in stride and answered every question. We never had to worry that something was slipping through the cracks on her end. And now we are satisfied home owners. Highly recommend and if I were gonna to buy another one I’d go with Miss Desiree again at Hayden Real Estate!!”
“Jamie Stockstill held my hand through the entire process. Being a first time home buyer I had a million questions but she was always there, no matter what time of day, to answer my calls or texts. I always felt like she was working for my best interest. I will recommend her to anyone I come across looking to buy or sell.”
“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!”