Many longtime homeowners created their Living Trust years ago when their children were younger, their financial situation looked different, or before retirement became a reality.But here’s
Is This Your Situation: Thinking About Moving to a Bigger House?
Dated: February 27 2023
Views: 37
The first question anyone thinking about moving up should ask is if they can afford it, but that’s only part of the equation. Even if things are great now, life is unpredictable, and your finances could change. Still, you can’t live life in a shoebox just because you are afraid to take the leap up to the next level. Are you ready to move up? Here are 3 questions you need to ask yourself.
1. Do I need a bigger place? An obvious question to ask when you start contemplating moving up to a bigger, more expensive home is do you really need it. Just because you can afford a bigger place doesn’t mean it's practical.
2. Can I afford it easily? Maybe you can afford it if you skip lunch every day, cut out coffee altogether and live without electricity every other month, but is that worth it? If you cannot afford a bigger place easily, why add the stress for no reason?
3. Will I want to stay long enough to recoup my closing costs? Finally, if you are moving up to a bigger place, are you ready to be in it for the long haul? You’ll put down a lot of money in closing costs to move to a bigger place. Are you prepared to stay there at least long enough to recoup your closing costs? For more information about buying a home, don't hesitate to give me a call today! Source: Home Actions
Arminé Ghevian
My goal is simple: a commitment to finding the dream home, purchase, or sale for my clients. With more than 25 years of experience in the real estate industry & the Los Angeles County market, my t....
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