Does Moving Up Make Sense? - CT Real Estate Article

Does Moving Up Make Sense?

The answers to these questions will help you decide:

1. How much equity do you have in your home? Look at your annual mortgage statement or call your lender to find out. Usually, you don't build up much equity in the first few years of paying a mortgage, but if you've owned your home for a number of years, you may have significant unrealized gains.

2. Has your income increased enough to cover the extra mortgage costs and the costs of moving?

3. Is the neighborhood still a good one for your needs? For example, if you've had children, the quality of the schools may be more of a concern now than when you first purchased.

4. Can you add on or remodel? If you have a large yard, there might be room to expand your home. If not, your options may be limited? Also, do you want to undertake the headaches of remodeling yourself?

5. How is the home market? If it's good, you may get top dollar for your home.

6. How are interest rates? A low rate not only helps you buy more home, but also makes it easier to find a buyer.

Click Here to Return to the Connecticut Home Seller Resource Center Index Page

© Christopher Rich, Connecticut's Gay Realtor - 2005

              2525 Post Road • Southport, CT 06890
              (203) 768-5222

              © 2004 An independently owned and operated member of The Prudential Real Estate Affiliates, Inc.
           Prudential are service marks of the Prudential Insurance Company of America. Equal Housing Opportunity.

Christopher Rich is a full-service, gay Connecticut real estate agent providing real estate services to the GLBT (gay, lesbian, bi and transgendered) community. Christopher specialized in Fairfield County and New Haven County real estate, but can assist clientele throughout CT. Some of the many services that he can provide for you include a FREE home buyer and seller consultation, Community information, a FREE Comparative Market Analysis of your home, home buyer and seller representation, real estate listing and marketing services, MLS listing and searching including daily email notifications, mortgages, insurance, title and settlement services , home warranty programs, relocation, HOMEefficient Moving™ In services and more.

Some of the Connecticut cities that Christopher services include Bethany, Bethel, Bridgeport, Brookfield, Cos Cob, Danbury, Darien, East Haven, East Norwalk, Easton, Fairfield, Greenwich, Hamden, Milford, Monroe, New Canaan, New Fairfield, New Haven, Newtown, North Haven, Norwalk, Old Greenwich, Orange, Oxford, Redding, Ridgefield, Shelton, South Norwalk, Southbury, Southport, Stamford, Stratford, Terryville, Trumbull, West Haven, West Norwalk, Weston, Westport, Wilton and Woodbridge.

This site is a member of WebRing.
To browse visit Here.