Selling To Move Up
Many people find themselves wanting more space in their condo or needing to change their address for whatever reason. In this situation, condo owners are trying to sell their current condo while they look to buy a move-up condo or home. Timing is everything, and it’s important to know what your options are before making any final decisions.
The first, and most important thing to do,is to get your current condo in tip-top shape for the market. It is difficult to get qualified for two mortgages – even more so in a slow market. Remember that a time frame can influence the factor of the actual selling price of your condo. That is why it’s important to have an experienced professional helping you with the transition and the timeline organization. The My Cleveland Condo Team wants to make sure that when you find your dream condo or home that you are positioned as well as possible so you can move forward with ease.
The second step is to get a current value on your condo. This will help you understand how certain factors will effect your current condo market pricing. It is also a good idea to have the condition of the condo checked by a professional and make any needed improvements or renovations.
The transition of selling one condo and buying another can be overwhelming, and it is important to contact a lender immediately when you are ready to move forward. If you don’t have a lender, contact The My Cleveland Condo Team of Realtors for suggestions and recommendations.