If you plan to buy, the first thing I suggest you do is talk to a lender to make sure you will be approved for a loan to buy the type and size of home that you plan to move up to. Getting a loan today is not easy and it would be horrible to go through all this, find a buyer for your home and then be no better off afterwords.
Even if you have been offered a refi with your current lender does not mean that they will approve you for the loan on the home that you would like to buy.
If you are already represented by a Realtor good luck. If not and you would like to discuss ALL of your options please feel free to gvie me a call at (402) 706-7532.
Prudential Ambassador Real Estate
Inviting realtors over and asking for them to provide a market analysis, is your best recourse. Appraisals are great but they cost money and they wont tell you the market value of your property. If you wanted to refinance that would be a good option, but you stated you wanted a bigger home.
Short sales will keep you from buying another home, but could be a possibility depending on your overall circumstances. As I mentioned yesterday, I would be happy to sit down with you and discuss all these things in person. Having 31 years in the business, I've lived through the 18% interest rates and understand the challenges. FHA allows gift funding for your down payment, so maybe you look to a relative for support. I was with a military judge last night who had to get the entire down payment from her sister's husband. It wasn't easy asking, but it allowed her to buy a home. Congratulations on the growing family. We have 9 ourselves. Good Luck. I'm here if you need me. Ken Landolt 402-880-7000
You have gotten a lot of good advice from various agents. Here is my two cents. Any and all agents should be happy to come out and assist you with your real estate needs. Every agent may tell you they are the expert in that area - I think that is bunk. Any agent worth their salt will bring you up to speed with their expertise and knowledge about the market in your area and will do so themselves very quickly.
Getting to know your Real Estate Agent, the area and the market will allow you to make a more educated decision regarding the type of property you will ultimately be selling and or buying. I have a two step process that I follow and it has served me well when helping sellers sell their homes.
When I help my clients buy or sell their home or property, my goal is to make the experience as informative, enlightening and enjoyable as possible. I want each of my clients to walk away feeling the experience they have had with their real estate transaction has been a good one. Below is my contact information if you would like to discuss your situation further. When a past customer, friend or family member of mine has referred me to a client, I consider the referral the highest form of compliment given. Please feel free to call me with any questions or concerns you might have as you and your family decide to move further with the home buying and selling process.
With an extensive finance background, an analytical mind and being a skilled negotiator, I can prove to be a very beneficial team player in your quest to sell your home and purchase your next one. Thanks for allowing me the opportunity to put in my two cents. I wish you well.
NPDodge Real Estate
Realtor with the prospect of obtaining a listing is usually $0 as well as their valuable consulting advice. You may want to start there with at least 2-3 agents opinions and your can figure what the average is from there.