6 Mistakes to Avoid When Trading Up to a Larger Home

Introduction:

Unlike the experience of buying a first home, when you are looking to move up, there are certain factors that can complicate the situation.

It is very important to consider all of these issues before you list your Durbanville properties for sale.

Not only is there the issue of financing to consider, but you also have to sell your existing home in order to trade up to a bigger home.

You need to sell your existing Durbanville properties at exactly the right time to make this whole process work. Also, you have to have the necessary finance to ensure the whole process runs smoothly.

The biggest dilemma could also be where you possibly own two Durbanville properties at the same time (which is not always the best thing to do) or where you can actually have no home to stay in at all while the registrations are in process.

5. Getting caught in the Real Estate Catch 22

Your biggest dilemma when buying and selling is deciding which to do first.

Point number 3 advises you to sell first.

However there are ways to eliminate this dilemma altogether.

Some agents offer a Guaranteed Sale Trade-Up Program that actually takes the problem away from you entirely by guaranteeing the sale of your present home before you take possession of your next one.

If you find a home you wish to purchase and have not sold your current home yet, they will buy your home from you themselves so you can make your move free of stress and worry.

6. Failing to co-ordinate registrations

With two major transactions to co-ordinate together with all the people involved such as mortgage experts, lawyers, electrical and beetle inspectors, the chances of mix-ups and miscommunication go up dramatically.

To avoid a logistical nightmare ensure you work closely with your agent.

For further information on Durbanville properties, contact Pieter Kotze on 083 260 1932, or e-mail him at pieter@pieterkotze.co.za