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Top 5 Mistakes to Avoid when Purchasing a Move Up Property
Before you list your current home for sale there are some issues that you should consider. Chances are that when you bought your first home you were moving from an apartment or family and all you had to consider was getting in or out at the first of the month. There are much larger issues to consider when moving up to another home. Some of these issues are financial such as juggling two mortgages while waiting for your former home to sell. Maybe you won’t have the luxury of qualifying for two mortgages and you will be forced to cancel escrow on the move up property. Possession issues arise if your former home closes escrow before your move up property is vacated. What happens if the sellers of the move up property are counting on your timely performance in closing escrow so that they can purchase their move up property and your buyer is delayed?
There are many scenarios to be aware of when contemplating the purchase of a move up property. In order to avoid the more obvious mistakes, we have provided the top obstacles to avoid below:
Top 5 Mistakes to Avoid When Moving Up To a ... more
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