Moving to a new home can mean grappling with second guesses and big decisions. However, your move can be made much easier if you focus on the three factors critical to the choice to sell your current home and move.
You want to keep in mind your prospective location, the lifestyle you want to attain and your financial situation before you sign on the dotted like. Let’s take a deeper dive into what these mean so that you can make your move with confidence.
The Location You’re Moving To
You’ve heard it before: when choosing a new home, the three most important things are location, location, location. The area you’re moving to will affect your homebuying decision, not only because of the change to your day to day life but because home prices can fluctuate between homes just a few minutes apart.
If you’re heading to a new city or a completely new state, doing your research beforehand can save you a lot of time and money as you move closer toward buying a home—possibly saving you thousands in your final home price.
A good resource to research ZIP codes is Tapestry. If you want more granular data, take a look at Zip-Codes.com.
Your Current (or Future) Lifestyle
Consider your current lifestyle needs or the changes you foresee in the coming years when searching for a new home. A move provides an opportunity to pick a new home and environment that’s right for you.
For example, if you love the outdoors but currently live in a dense city, look for a home in a more suburban or rural area. If you have any children or plan to have children, buying a home that will allow extra space for your growing family may make the most sense.
The more you’re able to match your next home purchase with your activities and lifestyle goals, the better.
Your Current Financial Situation
Homebuying means taking a long look at your resources and assessing where you think your finances need the most support. You may have to increase your income, pay off debt, or save more money for a down payment.
Everyone’s financial situation is different, so there is no one-size-fits-all answer to when is the best time to buy your next home. A Homebridge Mortgage Loan Originator can help you think about both your long-term homeownership and financial goals.
With Homebridge as your resource, you’ll be set up to make the right decisions for your next home purchase.
The Final Word on Moving to Your Next Home
As a current homeowner moving into your next home, you will have new considerations for your next purchase that you didn’t the first time around. By understanding and deciding on all these factors, your next home purchase will go smoothly.
If you’d like to get started on the process, reach out to a local Homebridge Mortgage Loan Originator in your neighborhood today!