Do you feel crowded in your current home? Is your family growing? Or do you simply want your own tranquil adult retreat within your home? Don’t assume that a more spacious place is out of reach simply because you’re short of cash, income or equity in your current home. Here are a few suggestions:
· Consider a lateral move to a lower-cost neighborhood. You might think about moving down a couple of notches to a less prestigious community where the same monthly payment buys you a bigger home. However, neighborhoods with the best reputations usually enjoy more rapid price appreciation.
· Move to a slightly lesser part of the same desirable community. Chances are you’ll pay no more for a larger home than you are putting out for a smaller one. Both properties should gain value at about the same rate.
· Seek a builder trade-in for your negative-equity home. Many homebuilders will offer special incentives to purchase in their developments.
· Rent out your home to carefully screened tenants. This could give you time to gain the appreciation you need to eventually sell without losing money.
Please keep in mind that I’m always available to serve you and others with financing needs.
For more helpful resources visit BayAreaHomeBuyersInfo.com!
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