move up: Move Up Reason 5: You Have Outgrown the Old House - 12/26/09 05:05 PM
Move Up Reason 5: You Have Outgrown the Old House Do you need some more space? Do you need more rooms for your growing family? Is it too difficult or complicated to add a room to your existing house? Don't want to live in dirt, dust and debris while putting on an addition? Do you have some equity in your home? You may want to move up! This article is not intended to provide legal or tax advice. You are encouraged to talk to a lawyer or tax professional for any matters related to your taxes. Move Up Reason 1: … (0 comments)
move up: Move Up Reason 4: Home Prices At or Near the Bottom - 12/26/09 05:04 PM
Move Up Reason 4: Home Prices At or Near the Bottom If you currently own your home, and are thinking of waiting for prices to go higher, so you will have more money for a down payment, think again. Let's say you want to wait for property values to increase by 20%, so you can get more money from your current house to use as a down payment for your future house. Let's say your current home is worth $300,000. So, you wait two to four years for it to increase by 20%, for a value of $360,000, giving you an … (0 comments)
move up: Move Up Reason 2: Low Interest Rates - 12/26/09 05:01 PM
Move Up Reason 2: Low Interest Rates As I wrote in an earlier blog, Mortgage Rates are not Good - They are Unbelievable. We are living in a time of historically low interest rates, hovering now at around 5%. Interest rates will go up. There is no stopping it. These historically low interest rates may be the most important reason for selling your existing home and buying the home you've always wanted. Lower interest rates make it possible for more people to be able to buy your home. They also make it possible for you to buy a more expensive home. … (2 comments)
move up: Move Up Reason 1: Extended Home Buyer Tax Credit - 12/26/09 05:00 PM
Move Up Reason 1: Extended Home Buyer Tax Credit Tax Credit for Home Sellers Who Buy a Better Home Did you know that home sellers can get a Tax Credit when they sell their home and buy a new one? Actually, current home owners can move up, down, sideways or just down the block, and may still be eligible to receive a Tax Credit when they file their income taxes. The home you purchase does not have to be more expensive than the home that you currently own. Are you empty nesters? If your kids have moved out, and you find … (2 comments)
move up: Should I Wait Until Prices Go Back Up to Move Up? - 12/15/08 11:25 AM
If you are thinking about selling your current home so you can move up to a bigger, better home, first you need to decide if the time and conditions are right for your situation. Consider the following questions: Have you built substantial equity in your current home? Has your income or financial situation improved? Have you outgrown your neighborhood? Are there reasons why you can't remodel or add on? Are you comfortable moving in the current housing market? Are interest rates attractive? OK. So, you have answered those questions to yourself and decided that yes, you would still like to buy … (0 comments)
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Bob Willis, Whittier Realtor® Whittier Real Estate - Whittier Homes
Bob Willis, of Prudential California Realty in Whittier, is a real estate agent who was born in, works in and markets real estate in Whittier, California, and surrounding communities, including La Habra, La Habra Heights, La Mirada, Santa Fe Springs, Norwalk and Hacienda Heights.
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Move Up Reason 5: You Have Outgrown the Old House 
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