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4 Signs You’re Going To Need A Bigger House

January 18, 2019 by Kay Monigold

4 Signs You're Going To Need A Bigger HouseThere comes a time in every young homeowner’s life when they need a bigger house. When you buy a starter home, it’s unlikely that will be your forever home. But how do you know when it’s time to spend the time and effort to upgrade to a larger home?

Here are four signs you’re gonna need a bigger house!

1. You Have To Move Stuff To Get To Other Stuff

In a house where there is enough room for everything, you can move freely and access all your things without having to rearrange furniture. If you find yourself constantly pushing other things aside in order to get to what you want, there isn’t enough space in your home.

2. You’re Always Misplacing Things

The key to organization is having a spot for everything. But if you’re short on space, everything can’t have its own spot. That’s when things get lost or misplaced. If you repeatedly misplace your belongings, you probably need a bigger house.

3. You’ve Got A Growing Family

Do you have a little one on the way? As your family grows, your need for space will increase. It’s hard to imagine that a small baby will take up much space, and they don’t. It’s the baby accessories that take up the space; the high chair, the playpen, the walkers, the crib, the toy chest and more. It’s all fantastically fun, but you are going to need a bigger house.

4. You Just Feel Cramped

You and the other members of your family should each feel like you have space to be alone, spend time on hobbies, and have private conversations. If you just feel cramped all the time or you feel like you don’t have any privacy, it could be because your house is too small.

When you finally realize that the problems aren’t with you, but with the size of your house, it’s very liberating. Now you have the answer to the issues. All you have to do is go out there and find a bigger house to move into.

Whether you are looking to purchase a larger home or refinance your current property, be sure to contact your trusted home mortgage professional to discuss financing options.

 

 

 

Filed Under: Real Estate Tagged With: Home Organization, Real Estate, Upgrade

Strategies For Buying And Selling A Home At The Same Time

January 16, 2019 by Kay Monigold

Strategies For Buying And Selling A Home At The Same TimeIf you’re already a homeowner and you’re getting ready to buy a new home, you know it’s tricky to buy and sell a home at the same time. There are lots of questions about how to handle this scenario. What if your old home doesn’t sell quickly?

Will you have to make two mortgage payments? What if you sell and the new owners want to move in before you close on your new home?

Depending on your situation, here are some strategies available to you.

Get A Bridge Loan

If you find yourself facing more than one mortgage payment – one on your old house and one on your new house – consider taking out a bridge loan to pay the monthly mortgage on the old house. Bridge loans are a solution to a temporary problem. When your old house sells, you pay off your bridge loan and you’re left with just the one mortgage payment.

Move Into A Short-Term Rental

If your old house has sold and the owners want to close before you can close on your new house, you could move into a short-term rental. This could be an apartment with a short-term lease. Or it could be a long-term hotel accommodation. You’d likely have to move your furnishings into storage; again, only for the short-term until your new house is available.

Ask If You Can Lease Back Your Home

You could ask the buyers of your current home to allow you to rent your home until you’re able to move into your new house. This is called a lease-back. It’s not ideal to pay rent on your own house, but it saves you from having to move twice.

This strategy usually only works if you already have a new house deal, so the owners of your old house have a known estimated time-frame when you’ll be moving out.

It’s definitely tricky trying to figure out the arrangements when you’re buying and selling a house at the same time. But one of the strategies mentioned above will likely work out for you.

Your trusted home mortgage professional is a valuable resource and can help you secure the best financing options while you are transitioning into your new home.

 

Filed Under: Real Estate Tagged With: Buying a Home, Real Estate, Selling Your Home

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Our Team

Kay MonigoldKay Monigold
Owner/Mortgage Broker/Residential Mortgage Loan Originator
NMLS#1086176

Steven LoweSteven P Lowe, Sr
Residential Mortgage Loan Originator
NMLS #1085638

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