New Home Move Up Buyer Guide
If you already own a home, condo or townhome and are considering selling and buying something newer, bigger, better for whatever reason, this move-up buyer guide is for you.
How do you know if you are a move-up buyer?
- Are you relocating and looking to find a home with features you didn’t get in your first home?
- Do you have a growing family and need more room, a larger yard, a better location?
- Are you tired of making constant repairs on your existing home and want to buy a new home with new systems and appliances?
If you answered yes to any of the above questions, you would be considered a move-up buyer. These are just a few of the reasons people decide to buy a new home, so whatever the reason, check out this move-up buyer guide and use it as a roadmap for a smooth transition to your next home.
Which comes first, buying or selling?
If you can afford to buy a new home before selling your current home, that is usually the best approach. You won’t have much leverage when buying a new home if the sale is contingent on the sale of your current home.
One determining factor in making that decision would be how quickly homes are selling in your neighborhood. If they are only staying on the market for a few days or weeks, you could be confident in buying you next home first. However, if you live in an area where homes are taking 60-90 days or more to sell, you may need to consider selling first or finding a service such as Zillow Offers to buy your current home. With Zillow Offers, you don’t have to do repairs or painting of your home to sell it. You can even pick the closing and move-out date to fit into your schedule.
What is driving you to buy a new home?