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 property in Durbanville 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 property in Durbanville 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.

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.

1. Rose-colored glasses

Most of us dream of improving our lifestyle and moving to a larger home.

The problem is that there is sometimes a discrepancy between our hearts and our bank accounts.

You drive by a home that you fall in love with only to find that it is already sold or that it is more than what you are willing to pay.

Most homeowners get caught in this hit or miss strategy of house hunting when there is a much easier way of going about the process.

For example, find out if your agent offers a Buyer Profile System or House-hunting Service, which takes the guesswork away and helps to put you in the home of your dreams.

This type of program will cross-match your criteria with ALL available homes on the market and supplies you with printed information on an ongoing basis.

A program like this helps homeowners take off their rose-colored glasses and, affordably, move into the home of their dreams.

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