Real Estate Professional
Sandra Warfield
612-845-4833612-845-4833

Does Moving Up Make Sense

These questions will help you decide whether you’re ready for a home that’s larger or in a more desirable location. If you answer yes to most of the questions, it’s a sign that you may be ready to move.

  1. Have you built substantial 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, unrealized gains.
  2. Has your income or financial situation improved? 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 better 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. But if your property isn’t large enough, your municipality doesn’t allow it, or you’re simply 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? If your market is hot, your home may sell quickly and for top dollar, but the home you buy also will be more expensive. If your market is slow, finding a buyer may take longer, but you’ll have more selection and better pricing as you seek 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.

About Sandra Warfield

Picture of Sandra Warfield

Sandra Warfield

612-845-4833

Sandra@SandraWarfield.com

612-845-4833612-845-4833 mobile

13875 Hwy 13 S, Savage, MN 55378

Reviews

5kelly henseler

I have bought/sold realty 3 times now and Sandra is by far my best home buying and selling experience I have ever had! She is professional and friendly and goes above and beyond for her clients. She was ...

5Amy speech12

Sandra is a highly personable, motivated, and responsive. She was was top notch from start to finish. When we first met we were not sure we would list our home. After the first meeting, it was clear ...

5LaurenFisher42

As first time home buyers, we had no idea how to begin the process for finding the right house. Sandra was beyond helpful with walking through the process from touring potential homes, to submitting a ...

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