Often times we are aware of advantages for first time buyers, but existing homeowners that decide it is time to sell their current home and buy a new home, have a few major advantages of their own.
Listed below are three advantages an experienced home seller looking to buy another home has. 
- Experience This is an advantage that should not be taken lightly. Let’s face it, experience is our best teacher. As an experienced home buyer you are able to set more realistic expectations for the process. You have learned some of the pitfalls to avoid which will help your next transaction run smoother.
- Professional Contacts – If you are remaining in the same area you have purchased a home before you may have the opportunity to call on the professionals that helped with the purchase of your first home. That could include mortgage professionals, real estate professionals, the title company, home inspectors, movers, and more. If those professionals served you well, dig out the Rolodex.
- Equity in your home – this is arguably the biggest advantage for seasoned home owners that have been in their home for a number of years and their home value has appreciated over time. Proceeds from the sale of that home can be used for down payments, closing costs, and other expenses for acquiring a new home. A large down payment can significantly improve mortgage terms on the next loan and even increase the amount of home that the homeowner can qualify for.
If you have looking forward to selling your existing home and settling into a new place and would like to find out how our office and help maximize the return on your investment Contact our office to schedule an appointment by clicking here.
