Real Estate Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance Information

Conditions Are Right For Buying The Higher Priced Home You'Ve Always Wanted


Higher interest rates and home prices in the past have kept home owners from purchasing larger homes. The current real estate market conditions, however, are encouraging for many home owners who want to "buy up" to higher priced homes with more to offer.

If you are considering trading up for a larger and more expensive home, conditions for doing so couldn't get much better. Interest rates are the lowest they've been in two decades, and home prices in many regions are the most affordable they've been in years.

You should consider a few factors before reaching a decision to trade up:

  • Can you afford higher mortgage payments and property taxes?

  • Is your credit record solid enough to qualify for the probable higher monthly mortgage payments?

  • Do you plan to stay in your new home long enough to recoup your investment?

Obviously, you'll need to sell your current home before getting serious about trading up to a new one. A healthy real estate market indicates that you'll have little trouble selling your existing home. The national Association of Realtors reported in August that sales of existing single-family homes are rising steadily, especially among first-time buyers. Affordable home prices and low interest rates could make the starter home you purchase several years ago particularly attractive.

If you can afford the up-front cost, you may want to consider switching the fixed-rate mortgage on your old house for an adjustable rate on a new one. This could allow you to trade up without increasing your monthly payments.

The type of mortgage you choose also depends on how long you plan to stay in your new home. A good mortgage lender can advise you on whether a fixed-rate is an advantage is you're planning on staying for more than 10 years. A fixed-rate may be better for long term owners who don't want to worry about rising mortgage payments.

Trading up may not be worth the move if you're planning on living in the new home for only a couple of years. You might have to stay three to five years for your house to appreciate enough to recoup the closing costs.

Conditions for a move-up haven't been this good in many years, and you may not want to wait much longer to consider it. An experienced real estate broker can help you decide if buying a new house now is a good investment for you.

About The Author

W. Troy Swezey is the author of "CONDITIONS ARE RIGHT FOR BUYING THE HIGHER PRICED HOME YOU'VE ALWAYS WANTED." As a Realtor at Century 21 Paul & Associates, he has helped many individuals with their real estate needs. Visit his web site to download his free e-book, "REAL ESTATE SECRETS EXPOSED." http://www.TroyIsMyRealtor.com or mail to: TroyC21@usa.net


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Mansion Global

Vietnam: The Next Frontier in Asia's Luxury Real Estate Market
Mansion Global
Activity in the luxury real estate market is surging in Vietnam, mirroring a booming economy that posted a 7.38% year-over-year increase in GDP in the first quarter of 2018—the country's strongest in a decade. In Hanoi, plots in Starlake City, ...

and more »


RisMedia.com (press release)

Traditional Real Estate and the 'New Normal'
RisMedia.com (press release)
Christina Pappas: Everything old is new again. The saying comes from the lyrics of a Peter Allen song originated nearly 40 years ago, but the words were never truer than they are today, especially in the real estate industry, which has changed and ...
How to Find a Real Estate AgentYahoo News

all 2 news articles »


Meet the Inman Innovator finalists: Most Innovative Real Estate Team
Inman.com
Chris Suarez, Xperience Real Estate: Chris Suarez built his business on his deep experience in real estate law and real estate sales, and he's crafted his team strategy around one-on-one agent training that helps elevate agents' strengths and minimize ...



The Columbus Dispatch

Real-Estate Matters: Age shouldn't sway couple from purchasing their first home
The Columbus Dispatch
Q: My husband and I are both in our 60s. Because of various circumstances — job losses and helping our sons through college — we never brought a house. But now we are in a position to buy our first home and have about 20 percent to put down.



Meet the Inman Innovator finalists: Most Innovative Real Estate Team part 2
Inman.com
Kristan Cole Team: Alaska is a destination real estate market, with clients from all over the world, and Kristan Cole's team has figured out how to leverage this international interest to its advantage. Cole's team sells in multiple Alaskan cities, and ...



Real estate transfers: Reported July 15, 2018
Herald-Whig
Real estate transfers recorded in the office of Adams County clerk and recorder. Quincy area. Quincy Park Foundation Inc., property in Quincy, to Quincy Park District. Douglas Falk and Lisa Falk, property at 611 Sycamore, to Felicia Wires and Raphael A.



The MReport

Non-Resident Foreigners Sold $10.5B of US Real Estate in 2015
The MReport
There's international appeal in U.S. real estate, and, according to recent IRS data, certain countries seem especially smitten with it, Zillow Research reports. Back in 2015, non-resident foreigners sold $10.5 billion of U.S. real estate, trouncing the ...



Buffalo News

Erie County Real Estate Transactions
Buffalo News
Following are real estate transactions over $5,000 as listed in records of the Erie County clerk's office for the week ending June 8. AKRON • 13 Marshall, John R. Schrock Sr. to Courtney L. Flick, $195,000. • 206 East Ave., Karen A. Sowinski; Karen ...



Steve Meyers answers your real estate questions
The Morning Sun
Q. We are getting ready to put our house on the market. My wife and I have different view points about watering the grass to make it green. I say that most people assume because it's summer and hot that the grass is going to be a little brown and ...



NewsOK.com

Medical marijuana comes with real (estate) consequences
NewsOK.com
Way back in November 2014, when I dared write about the Institute of Real Estate Management's white paper on the subject, "Marijuana in Property Management," I was roundly mocked, accused of sensationalism and dang near hooted off the internet.

and more »

Google News

home | site map
© 2006 TIGER MEDIA