I often get asked when is the right time to make that move to buy up!
No matter how much you love your current property, you may be dreaming of the day you can buy up into a bigger or better home in a great neighbourhood, maybe because you've out grown your current home, or possibly your family is getting larger!
Is that day today, or, is it a few years down the road? Here’s a quick way to make that assessment.
First, make a list of all the practical reasons why it might be time to move up. Those reasons might include features such as: more bedrooms, proximity to work and school, a larger backyard with trees, nearby parks and walking paths and better access to things you enjoy like theatre, sports or recreation centers. Next, make a list of the emotional reasons for making such a move. Those reasons might include memorable get-togethers with friends on a more spacious deck, an easier and less stressful commute to work, more family time with the kids and enjoyable Saturday golf at a nearby course. Finally, take a financial snapshot to determine if you can afford to move up. You’ll need to get a good idea of what your current property will sell for in today’s market, average price of homes in your desired neighbourhood, and how much mortgage you’ll need.
Once you have all that down on paper, you’ll have a clearer picture of your readiness. If the practical and emotional reasons for buying up are compelling, and you can afford to make the move, then you have your answer. If the time is now, or if you need help in making this determination – especially figuring out what your home will likely sell for, please call me for a free in home evaluation!
I'm happy to help, and have many resources to help your dream become a reality!