The spring and summer months are often when both buyers and sellers emerge out of the woodwork, and things can get a little crazy. Let’s go over how to prepare to buy and sell a Sacramento home over the summer break to get things organised and prevent them from becoming overwhelming.
Budget and Save
Any time you are looking to make a sizable financial commitment it’s a good idea to carefully construct a realistic budget.
Running the figures and double-checking them fast can give you a sense of where your money goes each month and how much you have left to save. Maximizing your funds will allow you to make a larger down payment, earnest money deposit, or negotiate a better deal on your new house.
The goal is to try your absolute best to keep to the budget you set out on paper, and you’ll be happier for it when it comes time to buy and sell a Sacramento home.
Give Yourself Time
You’re in a better position to evaluate how much you can spend on a new home and how soon you can spend it now that you’ve found out what financial assets you have available and how much you can save each month.
It’s usual for buyers to become agitated after discovering a property they want, and having a clear idea of when you want to move into your new home will help alleviate some of that stress.
You can take a deep breath and relax while focusing on the specifics of your for-sale home and any properties in which you are interested if you take the measures to prepare things ahead of time.
Check Your Credit
Even though you are going to have additional finances freed up when you sell your home, chances are you’re going to need the assistance of a mortgage lender to help with your new home purchase.
It’s vital that you acquire your free annual credit report from a major credit rating agency before applying with any loans. You should check over every line of this credit report to ensure that everything is correct and that you don’t have any outstanding obligations that were overlooked.
Any forgotten debts will slowly eat away at your credit score and make being approved for a loan with a low interest rate much more difficult.
Determine Your Wants and Needs
With the financial side of things pretty well covered, we can turn our attention back to the point of selling your current home and buying a new one in Sacramento.
Perhaps your living circumstances has changed dramatically, necessitating the acquisition of a larger or smaller property. Whatever the situation may be, now is the time to figure out what you absolutely require from your new home and what you want to gain out of it.
Make an actual list of these points before you begin looking through listings and it will help you to narrow down your search pretty quickly.
Hire Some Help
Taking on the task of selling a house in Sacramento with the intent of buying another home is a pretty major endeavor.
It is highly recommended that you hire the services of a knowledgeable and experienced real estate agent to assist you during this process. Their local market knowledge and marketing expertise will go a long way toward helping you sell your home and finding you the ideal properties for your future home in Sacramento.
The small percentage commission they take in this situation is well worth avoiding the detailed paperwork as well as taking advantage of their network of professional connections.
Your Partner to Buy and Sell a Sacramento Home
If you’re looking to buy and sell a house Sacramento at the same time, contact our experienced team at (916) 507-2502!