Are you asking yourself: Does Moving Make Sense?

Your Family is growing or your parents or your in-laws may be moving in with you.

Are you asking yourself:    Does Moving Make Sense?

These questions will help you decide whether you’re ready for a larger home.  

1.  Have you built equity in your current home?  Look at your annual mortgage statement or call your lender to find out. Usually, you don’t build up much equity in the first few years of your mortgage, as monthly payments are mostly interest, but if you’ve owned your home for five or more years, you may have significant gains.

2.  Has your income or financial situation improved?  Have you finished paying off those big bills?  Have you graduated from college?  Have you married? Are you now a two income family?  If you’re making more money, you may be able to afford higher mortgage payments and cover the costs of moving.

3.  Have you outgrown your neighborhood?  The neighborhood you pick for your first home might not be the same neighborhood you want to settle down in for good.  For example, you may have realized that you’d like to be closer to your job or live in a different school district.

4.  Are there reasons why you can’t remodel or add on?  Sometimes you can create a bigger home by adding a new room or building up.  Are you simply are not interested in remodeling, then moving to a bigger home may be your best option.

5.  Are you comfortable moving in the current housing market?  In a slow market finding a buyer may take longer, but you’ll have more selection and better pricing as you look for your new home.

6.  Are interest rates attractive?  A low rate not only helps you buy a larger home, but also makes it easier to find a buyer.

If you answer yes to most of these questions, it may be a sign that you may be ready to move. Feel free to contact me with any of your real estate questions.

Call for a FREE market analysis of your home.  Ask about my full service, low cost Brokers Commission available to sell your home.  All homes are listed on MLS.  For as Low as 2%-call for details!

631-379-8157  GeriErtle@gmail.com

Geri DeRosa Ertle, Associate Broker

Member NSAR, MLS, LIBOR, NAR, CDPE

Charles Rutenberg Realty, 16 Poet Lane, Setauket, NY

Corporate Office- 255 Executive Dr, Plainview, NY