Top tips for moving up
Move up buyers include many types of people: growing families needing more space, couples with grown children who want a smaller home closer to urban amenities, or more recently multi-generational families living together who need a home with both space and privacy.
If you're thinking about whether the time is right for a change, moving up begins with a careful understanding of your needs and wants:
Get an accurate picture of your financial situation.
How much of a mortgage payment can you reasonably afford? Factor in other debts and expenses as well as long- and short-term savings goals like postsecondary education expenses for the kids and retirement for you.
Ask the Hamre Team at RE/MAX to evaluate your current home...
...about how much you can sell your home for and how much of the proceeds you'll have available for a down payment on your next home.
Know your financing options.
Many mortgages are portable between properties, and may have a "blend and extend" provision allowing you to keep a favourable rate. Also, getting pre-approved for a mortgage means you'll know how much house you can afford.
Be specific about your needs.
If you have two kids with another on the way, be on the lookout for houses with plenty of bedrooms and areas to entertain and raise growing children. Take play and study spaces into account. Remember the kids are growing and will need space of their own before you know it.
Consider the neighbourhood.
If you have kids, check out the reputation of the schools that your children would be attending. And finally, factor in the neighbourhood's proximity to work, shopping, recreation, and other important places you'll be frequenting
Implement a strategy to find the perfect home.
Make an appointment with a member of the HAMRE TEAM at RE/MAX to put a plan and strategy in place to find that perfect home in the neighbourhood of your choice. We can advise you 24 hours before a listing actually appears on the REALTOR.ca web site. This is just one of the added advantages that we offer.
The Hamre Team at RE/MAX metro city in Ottawa “Our goal is to inspire your dreams.”
Visit our web site at www.WeKnowOttawa.com or call us at 613-841-2111.