If you are seriously considering selling your home, here are a few important questions to ask yourself before taking that leap.
What can I expect to sell my home for? It is important that you have a rough idea about how much you might be able to sell your home for. Knowing the price range you can expect to receive will help you establish how much you can afford for your new home.
What costs will I incur in then process of selling my home? The process of placing your home on the market is much more than placing a for sale sign on your front lawn. Do you have repairs that need to be complete? How much do you need for a realtor? Is there a penalty for cancelling your mortgage?
Do I need a pre-approval for my mortgage? Yes! In order to know your overall affordability, you really need a pre-approval to confirm how much you would be approved for.
When should I sell my home? If you have flexibility with respect to time consider putting your house on the sale during the prime season. The one watch out is that if you are selling for a higher price, you most likely will be purchasing at a higher price.
Should I just renovate instead? Selling your home and moving does not come cheap – it might be worth considering renovating your current home as opposed to moving!
We provide a custom budget for all of our clients. If you want help ball parking some of these numbers, please contact us at team@behmmortgages.com!