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!

Related Articles

You may have found your dream home, but it might remain a dream without approved financing. Bank statement loans, as the name implies, use bank statements to determine your income. They are a non-qualified mortgage product that offers financing to homebuyers who may not be eligible for a traditional mortgage…
Read More of the post Non-Qualified Mortgage: Bank Statements

The supply of houses on the market has fallen from an average of 1.6 million units monthly in 2018 and 2019 to just over 1 million in 2021 – and the monthly figures for this year are lower still. Fewer homes available and high demand means home buyers must leverage…
Read More of the post Benefits of Pre-Approval: Get the Upper Hand

Your first time buying a home will be exciting, offering a window into the setting of your future. At Homebridge, we delight in the opportunity to help first-time homebuyers because we are reminded of what home truly means and the positive difference it can make in people’s lives. Accordingly, we…
Read More of the post 4 Stops Along the Road to First Time Homebuying

In honor of Earth Day, consider these 10 ideas for implementing energy-efficient improvements throughout your home. Not only will these strategies benefit the environment by reducing your carbon footprint, but they will help you save money by improving your energy bill as well. No matter the time of year, improving…
Read More of the post 10 Ways to Make Your Home Energy Efficient