Health & Fitness
Move up buyers...Where are you?
People aren't moving from their homes. They are however wanting to move, but maybe don't think they can or know all the possibilities.
What is a move up buyer? This is someone who purchased a starter home and over time has built up equity in the home. They are beginning to outgrow the home ie family is getting larger. They need to find a larger space.
What’s happening with move up buyers? It seems that many people don’t think it’s possible to take equity they’ve made in their current home and go out and find the home they really want or need. Or maybe they think they have lost equity and want to wait till values come up.
Well think about this. If you are looking to purchase a larger home, why would you wait for your home to increase in value. All else equal, the home your looking to purchase will also appreciate. Where would you rather be… in your $800k starter home or the $1.2 million dollar one.
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If you have the means to do it, why wouldn’t you? Fear of being homeless, not finding the house you want? You as the seller have all the control when it comes to the sale of your current home (sale price, close of escrow, rent back). It’s your home until you say otherwise. Have you thought about tapping the equity in your home to purchase the new home first before selling? So many options.
What is your reason for not taking advantage of the many buyers out there? Would love to here your reasons.
