The BC Home Hunter Group Long Term Real Estate Sellers Program
(May 12, 2015
)
The BC Home Hunter Group's Moving Up Long Term Real Estate Program:
More and more empty nesters and growing families are considering "moving up" by selling their current home and purchasing an often larger and more expensive property.
To sell or buy first?
That’s a good question, one that depends on different circumstances.
Take the time to make an educated decision about what makes the most sense for you.
Much of your decision will have to do with your personal financial situation combined with the current market conditions in your neighbourhood. Also, you should consider the type and availability of the home you are looking for.
Obtain pre-approval for a new mortgage. If another mortgage is required for your newer or bigger home, being pre-approved ensures that you are qualified to go through with your plans.
Calculate your estimated proceeds to help determine the cost of your new home:
Find out what your present house is worth
Find out if and what the costs are to discharge your present mortgage
Deduct your mortgage payoff from your home’s fair market value
Estimate what the costs will be to sell your house
Determine your costs to acquire your new home
This should give you an estimate of the proceeds that you will be paid at closing.
Get your present home ready for sale. Make any repairs that you deem necessary (unless it is a fixer-upper) so that potential buyers will not have reason to submit a low, undesirable offer.
Find out what your present house is worth
Find out if and what the costs are to discharge your present mortgage
Deduct your mortgage payoff from your home’s fair market value
Estimate what the costs will be to sell your house
Determine your costs to acquire your new home
This should give you an estimate of the proceeds that you will be paid at closing.
Get your present home ready for sale. Make any repairs that you deem necessary (unless it is a fixer-upper) so that potential buyers will not have reason to submit a low, undesirable offer.
Hiring our marketing experts at The BC Home Hunter Group is your first step. The assistance of our industry experts who will both market and negotiate the very best price and conditions on your behalf is critical in ensuring that you get the best possible price. We are the only real urban and suburban real estate team in the Fraser Valley, Metro Vancouver, the North Shore and every corner of the province.
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