Have your housing needs changed?
It’s a pretty natural sequence. You buy a home, you grow into it and eventually, you either grow out of it or your needs change and you need something different.
If you are at this stage, here are some things to consider:
What is our current home worth?
What are homes selling for that we would be interested in moving to?
It’s good to establish how much of a ‘spread’ there is between what you are currently in and what you would like to move into.
What can we afford?
With numerous changes to mortgage rules and interest rates recently, it’s very important to determine what you qualify for today, as it will have changed from only a few months ago.
What do we need to do to our current home before we sell?
There are some things that should be done, some that could be done, and some that shouldn’t be done. Knowing where to get the best return on improvements is key.