Move Up Buying and You
As your life changes over time, so do your housing needs. You may find that you are ready to upgrade to a home space more suited to your lifestyle and family. If you’re looking for luxury amenities, private views, and a gorgeous setting, you may be ready to move up into one of San Antonio's upscale neighborhoods. Whether you’re building a family or establishing a new lifestyle, communities like Alamo Heights, The Dominion, or Cordillera Ranch offer excellent environments to settle down long-term.
Although moving up can be enticing, there are a few things you need to consider when making this decision:
What is the market like in my area?
The prices of homes can widely vary within different parts of a city. Based on the housing prices in your area, your home may sell for significantly more than you bought it for, less than you bought it for, or somewhere in between. If you are wanting to use the equity of your home for the down payment on a new home, it is wise to understand what the housing market is doing in your area.
How much will selling my home cost?
In order to sell your home, you may need to invest in structural or cosmetic upgrades to make it appealing to buyers. Additionally, you will want to plan for real estate commissions, which can range from 4% - 6% of the price your home sells for.
What will the selling price of my home be?
While there is no way to tell how much your home will sell for before it sells, a REALTOR can provide you with a market analysis of what homes have sold for in your area and can advise you on what to price your home at. You will want to make sure your home is priced realistically so that it will sell faster!
Once you’ve decided that moving up is the right choice for you, you can find a Portfolio REALTOR to suit your needs. Along with our knowledgeable agents, access to technology, and excellent client support, we'll help make selling your current home and buying your next home an uncomplicated and rewarding process.
