The Move Up Buyer

Move Up Buyer Villa PropertiesWith the California housing market in recovery, many homeowners have enjoyed seeing their home appreciate in value. As a result, many of people, especially first-time home owners, become a move-up buyer and purchasing a larger home. There are number of reasons why a homeowner becomes a move-up buyer, including:

  • The home has become too small because the family size has increase.
  • Desire to move from a starter home and upgrade to a larger, nicer and more expensive home.
  • The home does not have the desired amenities, such as a large backyard, swimming pool or family room.

Since you will be both selling and buying a home, talk to an experienced real estate broker to find out what the process entails, how you should prepare yourself and potential pitfalls.

Obtain information on current market conditions so that you can develop a strategy to determine if you should sell first or buy and then sell. You should also get data on the price of comparable homes–both for the one you intend to sell and the larger house you would like to purchase.

Selling a Home in a Seller’s Market

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