Moving-Up Home Buyers: Connecticut
Guide For Moving Up Home Buyers
Thinking about upgrading your single-family apartment or condo to a bungalow or townhouse? Want to move to a bigger house in a better locality? Here are some points that you should keep in mind while taking this major step:
- Selling vs. Buying
The choice between buying or selling a property first is a tricky one. You need to decide which method suits you. If you have a property which is unique and has a strategic location, it is likely that you will be able to sell it fast. In this case, you can consider buying first and selling later. Another factor is your current financial situation. You need to check whether you can pay two mortgages after buying a new home till your present property gets sold. If the answer is no then you need to sell your current home first and then buy a new one.
- Space Requirements
While moving up, it is important to set a goal regarding the amount of space you need. You should note down the areas of the house where you need more space and some additional rooms that you want to use as home offices or for entertainment. This helps in having a clear picture in the mind and streamlines the search process.
A bigger home means a bigger loan. You need to consider budget reallocations and find out whether you can afford to pay a higher monthly mortgage amount than before. Another fact to consider is that you need to pay more tax and utility bills when you move up. You should think how much you can stretch your budget without affecting your standard of living.
- Real Estate Broker
If you want to accelerate the move up process, you need to look for a good real estate agent who can help you find a home that suits your requirements within a short time. It is better to go for an exclusive buyer’s agent to get the best deal for the new property that you want to invest in. The moving up process is expensive so you need to save every penny you can. Through the buyer’s agent, you can also get good contacts for seller agents to close a deal for your current property.
Keep these points in mind while moving up to ensure that property upgradation does not burn a hole in your pocket.
Contact Buyer’s Trust Real Estate & Investment to make the moving up process in Connecticut fast and easy.
Are You Ready Move-Up To A Larger Connecticut Home?
We help all kinds of home buyers and investors in Connecticut including move-up home buyers.
Steve Schappert is Connecticut’s Home Buying Pro. Schappert is a buyer’s agent, a nationally recognized exclusive buyer broker and an award-winning Connecticut Home Improvement Contractor. Schappert is uniquely qualified to help you locate, negotiate and renovate your dream home or investment property.
“A Buyer’s agent represents the interests of the buyer in a real estate transaction. The Buyer’s agent’s responsibilities to the buyer are: undivided loyalty, obedience, diligence, disclosure, confidentiality, accounting, and reasonable skill and care. All duties are fiduciary — they are owed exclusively to the buyer – NOT to the seller.” – CT Dept. of Consumer Protection
A buyer’s agent can work for a traditional agency which can put you at risk. Traditional agencies take listings and promise to get the top price for the seller. If you don’t work with an exclusive buyer brokerage that Never takes listings, you will likely end up signing a dual agency agreement.
Buyers Trust is an exclusive buyer brokerage. We NEVER have a conflict of interest with representation. Buyers Trust never ever represents the seller. At Buyers Trust Real Estate & Investment our life doesn’t revolve around trying to get paid by both sides. You can’t promise to get the best deal for both sides in a transaction. Think about divorce attorneys representing both spouses. At our first meeting we promise to do our very best for you and nobody else. Throughout the transaction that never changes. You will never be asked to sign a dual agency agreement.
Hiring a Connecticut exclusive buyer broker is the best decision you will make regarding buying a home in Connecticut. When NBC, Kiplinger’s Financial, Woman’s Day Magazine, The New York Times, Real Estate For Dummies & The Learning Channel (TLC) wanted to learn more about buying real estate, they called Steve Schappert and you should too!
Call Steve Schappert Today to Start The Connecticut Home Buying Process
203-994-3950 Email [email protected]