How to Sell Your Current Home to Buy a New Home

Tips on Selling Your Home While Building Your New Construction Home

Different Loan Types to Help Transition Between Homes

How to Sell Your Current Home to Buy a New Home

If you are a current homeowner, and are looking to sell your home and buy a new one, you probably have a lot of questions to make sure you are taking the best step forward. It’s a fairly common situation for people across the nation, so don’t worry! No matter how stressful it may seem now, knowing that other people just like yourself have made it through to the other side with a sold home, and a brand new home to make their own should certainly help. In today’s blog, we’ll go over exactly what you need to consider when looking to buy and sell a home at the same time, and how an experienced new construction agent and loan officer can help you through the process.

It is easy to see why the location of Woodland Oaks is a wonderful asset. It's perfect for your weekday commute with its close proximity to conveniences and access to main roads, and yet, in a prime location for your weekend activities, practically next door to the prettiest lakes and nature preserves our area has to offer!   Did we mention, that it is in the award-winning Lee's Summit school district too?  

Steps to Consider With Your New Construction Agent

Assess the Market: One of the first things you should do, is to examine your local housing market with your agent. You want to look at comparable properties to your own to see how long they are staying on the market, and at what price points they are being listed. You will also want to start doing research with your new construction agent on which builder you want to work with, and where you want to build, along with your budget. This is where working with an experienced local agent is extremely helpful, as they will have been active in the market for quite some time, and can help you find all of the information you need to make an informed decision.

Timing of Your Move: Once you have all of the information from examining the market, you should be able to decide if now really is the right time for you to move. Depending on the time of year, the condition of your home, and other factors, waiting to make a move could make more sense for you and your family. On the other hand, if you and your agent believe now is the best time to move, then you can get started on getting your home ready to sell!

Start Preparing and Looking for Your New Home: Once you have decided on a timeline to move, it’s time to finalize the details of your new construction home with your agent, and land on a builder and floor plan. Once you have done that, you’ll need to determine what kind of payment(s) you need to make to finance your new construction home. If you need to use the proceeds from your home sale to finance your next home, as many Americans do, then you will need to consider looking at a Home Equity Line of Credit or HELOC, or a bridge loan. A HELOC is when you use the value of your home as collateral for a new loan. When you get a HELOC, you can use those funds for your down payment, and then use the proceeds from your home sale to pay that HELOC back. A bridge loan, on the other hand, is when you take a personal loan that is repaid as soon as you close on your old home.

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Prepare Your Home to List: Further down the road, when your new construction home is almost move-in ready, it’s time to start getting your current home ready to list. That means it’s time to declutter your home, and maybe get started on saving up for that down payment by having a garage sale! You’ll also want to make sure there are no major repairs or maintenance issues that you need to take care of before listing, as an unexpected surprise on an inspection can complicate the sale of your home.

List with an Experienced Local Agent: Once you have finished making all of your preparations, it’s time to actually put your home on the market! The best way to make sure that your home sells for the most money, and in the quickest amount of time, is to work with a specialized listing agent. When you work with a member of our specialized Woodland Oaks new construction agets, not only are you working with an agent that knows how to price your home appropriately, and market your home most effectively, but you are also working with our administrative team, including a dedicated closing coordinator who manages your transaction from start to finish.

Reach Out to Our Trusted Agents and Lenders to Learn More About Building in Woodland Oaks!

If you are thinking about building a new construction home in the brand-new luxury community of Woodland Oaks, contact one of our trusted agents to learn more about building your new construction home in Woodland Oaks! Curious about different loan options? Our lenders have decades of experience in mortgage lending, and new construction loans, including construction to perm loans! Reach out today by visiting our website to learn more, or by filling out the contact form below!

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