Want to sell but don't know where to go? Capitalize on your home equity
First thing's first, are you...
Moving out of state OR Staying on Long Island?
Moving Out of State
Things to consider:
- House, condo, co-op or HOA. There are pros and cons to all 4 choices.
- Geographically – What do you want to be near? Oceans or lakes, mountains, woods, urban or rural? What lifestyle are you imagining for yourself?
- What is important to you? Family and friends being close? Culture? Climate? Affordability? Low taxes? Work opportunities? Health care? Proximity to an airport? This article and this article are excellent short reads to help you figure that out. Ask friends and family for their ideas and input. The internet is full of articles to help you get informed about specific places to live.
- Once you have narrowed the list down, stay in an Airbnb for a few days in a couple of places you’ve found. Live like a resident. Grocery shop, drive to the places that caught your eye. Pick up the local paper. Talk to everyone you meet and ask them what they love about living there. Then ask them what they don’t like. Connect with the host and real estate agents in the area and ask them for a local tour or to tell you about the area highlights.
We have a network of like-minded real estate agents that work in every state! Contact us to be connected to someone as dedicated as we are to our clients.
Staying on Long Island
The 3 most important questions to ask yourself first:
- What is your budget for your next home?
- House, condo, co-op or HOA. There are pros and cons to all 4 choices.
- Do you need to be in a certain area based on family, friends, school district or work?
This list of homes by budget and location can get you started:
- Eastern Suffolk $500,000 and lower
- Eastern Suffolk $500,000-$900,000
- Western & Central Suffolk $500,00 and lower
- Western & Central Suffolk $500,000-$900,000
- Nassau $500,000 and lower
- Nassau $500,000-$900,000
Hesitant on moving because you don’t want to overpay/get into a bidding war? You can consider….
- Renting until you’re ready. There are short term rentals, month to month or 3-6 months as well as 1 year lease options. You can place your stuff in storage until you find the right place.
- Moving in with relatives or friends;
- Extended stay at a nearby hotel;
- Search for a house that has been on the market for a longer time than others.
- We have strategies we use for our buyers to help them win a multiple offer situation that doesn’t involve paying a higher price.
This historically strong sellers’ market will not last! Mortgage rates will eventually rise and then there will be less qualified buyers for your home. It also means a higher rate for you, if you need a loan to buy your next home. Take advantage of getting the most out of your home’s equity and the extremely low interest rates.
Let’s chat for 15 minutes to review what your house is worth in today’s unprecedented real estate market! Call/text 516-225-5636 or email [email protected]
Christina F. Tabacco-Weber | Long Island Real Estate Agents | Lucky to Live Here Realty
Christina decided that she was ready to take her life to the next step and joined the Luck...
See how much your home would sell for, today.
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