5 Mistakes To Avoid When Buying a Bigger Home

1. Unwilling To Make Small Repairs

When selling your home, especially as the market normalizes, it is critical to “put your best home forward”. Not all homes that are listed sell and certainly not all homes sell for as much as they could. Personally, I try to help my clients do as little as possible before selling, however, I strongly suggest the things that are going to net a return and/or put us at the top of the list for buyers in the area.

2. No Clarity

So many people start the process with little or no clarity about why they are living. They know they need more space or a more ideal location and they always remember to upgrade the “flaws” they feel their current home has, but what about all the amazing features about your current home that you have become so used to that you don’t think about putting on the list.

Another thing people often forget is that their spouse generally has some different preferences and maybe even some different priorities. There’s nothing worse than finding what you think is the perfect home and then finding out that it isn’t exactly what your spouse dreamed of.

By getting complete clarity and understanding not only what is important, but why it is important, we are able to better meet both of your needs and desires.

3. No Preapproval

Having a preapproval before starting your home search is absolutely crucial, especially if you already own a home. There is nothing worse than finding the home you love and then finding out that it is $20,000 -$40,000 higher than your actual budget. Trying to fall in love with anything else after that feels like settling and kind of ruins the fun.

In addition to that, a lot of people who currently own a home’s purchase will be contingent on the sale of their current home. This adds a whole new dynamic and stacking transactions like that takes a lot of detail and strategy.

4. No Strategy

There is a lot of strategy in real estate. Your Realtor will help you decide on a pricing strategy as well as a home sale contingency strategy. I like to provide my clients with all of their options and the help them create a plan that works for their lifestyles, while making their transactions as seamless and low stress as possible, while making sure they no money is left on the table on either side and that they arrive at the finish line by the date they intended.

4. The Wrong Realtor

When purchasing and selling a home simultaneously, there are a lot of things that can go wrong, potentially causing you unnecessary stress, money to be left on the table, and even worse, causing you to lose out on the home of your dreams. Having a Realtor who specializes in navigating the dual transaction process is absolutely crucial.

For any questions about how buying and selling a home simultaneously works, to find out what your home can REALLY sell for in todays market, or for a list of homes in your area, please call or text me at 630.945.4962


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