House owners discover very a few distinct factors to move-up, ranging from the basic need for much more square footage to make room for a growing household to the wish to have a greater neighborhood or even just taking advantage of the option of increased income to live much more luxuriously. Most professional individuals are interested in moving nearer to their work to cut the commute, a transfer which typically implies obtaining real estate in an costly place, but that can be offset by the cash saved on transportation. Others are seeking bigger rural estates with a lot more room for pets and kids or just a peaceful spot to retire. The other probably suspects for moving-up are high dollar investors who can utilize the present low mortgage charges to realize a gain due to the fact these folks can wait around until a time is right to flip an expensive home. Some homeowners are looking for basement suite to rent for income OR simply to find their dream home
The qualifications for considering such a move focus principally around the equity you possess in your present house. Your yearly mortgage statement should show you how much equity you have built up, but it commonly takes about 5 years worth of constant installments to have ample interest paid off to see moving-up possible.
We at Sutton Group can help you regardless of whatever your reasons are, we can get top dollar for your existing home and also assist you in buying your next home.