Move-Up Buyer's Guide: When and How to Sell Your Starter Home in the Twin Cities
Move-Up Buyer's Guide: When and How to Sell Your Starter Home in the Twin Cities The move-up decision is the most emotionally loaded real estate transaction most families make. The first home purchase is driven by excitement. The move-up is driven by a collision of gratitude for what you have and honest acknowledgment that it is no longer enough. That combination is harder to navigate than most people expect. Here is the practical guide to making the move-up decision clearly, timing the sale and purchase intelligently, and arriving at your next right home without leaving money on the table or making a move you regret. Are You Really Ready to Move Up? The question of readiness for a move-up has two layers that need honest answers before the process begins. The financial readiness question is the easier one. How much equity has your current home accumulated? What does the current market say about what your home would sell for? After paying off your mortgage, covering closing c...