For RTS Orlando Faculty and Students
An Online Real Estate and Housing Resource for the Reformed Theological Seminary Community in Orlando.
Brought to you by David Gallup
An Online Real Estate and Housing Resource for the Reformed Theological Seminary Community in Orlando.
Brought to you by David Gallup
Unlike the experience of buying a first home, when you're looking to move up, and already own a home, there are certain factors that can complicate the situation. It's very important for you to consider these issues before you put your home on the market.
Not only is there the issue of financing to consider, but you may have to sell your present home in order to avoid either the financial burden of owning two homes or the dilemma of having no place to live during the gap between closings.
In this report, we outline the five most common mistakes homeowners make when moving to a larger home. Knowledge of these five mistakes, and the strategies to overcome them, will help you make informed choices before you put your existing home on the market.
Most of us dream of improving our lifestyle and moving to a larger home. However, there is sometimes a discrepancy between our heart's desire and our bank accounts. Often You will drive by a home that you fall in love with only to find that it's already sold or that it's more than what you are able to afford. Most homeowners get caught in this hit-or-miss trap of house hunting when there's a much easier way of going about the process. For example, find out if your agent offers a Buyer Profile System or House Hunting Service. This will take the guesswork away and help place you in the home of your dreams. This type of program will cross-match your criteria with ALL currenlty available homes For Sale and supply you with with detailed information in real time. A program like this helps homeowners take off their rose-colored glasses and move into the home of their dreams.
See our Finding Out About Available Properties as Soon as They Come on The Market article for more information.
If you want to get the best price for the home you're selling, there will certainly be things you can do to sparkle it. These improvements are often inexpensive. For every dollar you spend, you can generally expect a fifty percent return on your investment. You must think like a retailer. So it's very important that these improvements be made before you put your property on the market. If cash is tight, investigate using a Home Equity Line of Credit that you can repay at closing.
Pre-approval is a very simple process that many homeowners often fail to take advantage of. While it doesn't cost or obligate you in any way, pre-approval for your next purchase gives you a significant advantage when you put an offer on the home you wish to buy. You know exactly how much house you can afford and you already have the green light from your lending institution. With a pre- approval, your offer will be viewed much more favorably by a seller. Don't fail to take this important step.
Your biggest dilemma when buying and selling is deciding which to do first. Each scenario is different. We recommend working closely with your Realtor to determine which strategy will work best for you.
With the transfer of ownership of two houses to coordinate and all the people involved such as ppraisers, loan originators, processors and underwriters, title company representatives, home or pest inspectors and surveyors, the chance for mix-ups and miscommunication increase dramatically. To avoid a logistical nightmare ensure you are working closely with a good real estate agent.
The Hardworking Nice Guy's Team is Here for You!
I'm David Gallup, your friend in the real estate business - a very resourceful and reliable real estate consultant with RE/MAX 200 Realty. Over the past 27 remarkable years, I've confidently motivated and guided 994 clients in creating financial security for their families by successfully investing in residential property. I lead a fun loving and well trained team of very dedicated and extremely conscientious people who show up each day to serve you at our state-of-the-art facility centrally located in beautiful Winter Park, Florida.
As a result of treating our clients with extraordinary care, over 85 percent of our business comes from those who are working with us on a repeat basis or have been introduced to us by their family and friends. We greatly appreciate the opportunity to serve you.
RE/MAX 200 Realty
Each Office Independently Owned and Operated
954 S. Orlando Ave., Winter Park, FL 32789
(407) 629-6330 x215 or (800) 458-6863 x215
