Does moving up in this Real Estate Market make sense?

If you answer yes to most of these questions you may be ready to move up to a larger home or a better location.

1. Do you have substantial equity in your home now? If you have owned it 5 years or more you probably do. Ask a Realtor for their opinion on the value of your home.

2. Has your income improved? If you are making more money or have recently been married and are fortunate to have 2 incomes you may be able to make the move.

3. Are there reasons why you can't remodel or expand? If your home allows being able to expand out or to go up and if you would like to pick out exactly what you want, you may be able to do this. Check with the city first to be sure it is allowed. If you want someone else to do it for you, then you may want to consider moving.

4. Have you changed your mind about your neighborhood? Sometimes our choice of homes at one time will not be the same a few years down. A new spouse, job, child, or maybe you just need a change. Moving maybe the answer.

5. Does the current housing market make sense? It's not bad to move in a down market. Yes, you will get less for your home, but you will also be able to take advantage on the purchase. It will also save you on property taxes.

6. How are interest rates? Can you get a lower rate? Or maybe rates are so low that you will be able to afford a more expensive home.

Feel free to contact me with any questions or visit my website for more information on buying real estate.

www.YourNewportHome.com

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