Real Estate

Does Moving Up Make Sense?

Are you ready for a larger home? Perhaps you prefer your home be in a more desirable location? If you can relate to most of the scenarios below, perhaps it is a sign that you are ready for a move!

You have built substantial equity in your current home. Check your annual mortgage statement or call your lender to find out. Usually, you don’t build up much equity in the first few years of your mortgage, as monthly payments are mostly interest, but if you’ve owned your home for five or more years, you may have significant, unrealized gains.

Your income or financial situation has improved. You’re making more money, you’ve budgeted wisely, and you may be able to afford higher mortgage payments and cover the costs of moving.

Sign Up for E-News

You feel you’ve outgrown your neighborhood. The neighborhood you picked for your first home might not be the same neighborhood in which you want to settle for good. You may have realized that you’d like to be closer to your job or live in a better school district.

There are reasons why you can’t remodel or add on to your current home. Your property isn’t large enough, your municipality doesn’t allow it, or you’re simply not interested in remodeling.

You are comfortable moving in the current housing market. If your market is hot, your home may sell quickly and for top dollar, but the home you buy also will be more expensive. If your market is slow, finding a buyer may take longer, but you’ll have more selection and better pricing as you seek your new home.

Interest rates are attractive. Low rates not only help you buy a larger home, but also make it easier to find a buyer.

 

 

 

Lois Schneider Realtor is a premier real estate agency based in Summit, NJ, that specializes in listing and marketing the fine homes in the area. Our highly qualified sales associates, along with the assistants and support staff, are proud to serve the exceptional communities along the Midtown Direct train line to Manhattan: Summit, Millburn-Short Hills, the Chathams, Madison, New Providence and Berkeley Heights, as well as other parts of Union, Essex, Morris and Somerset counties that are within easy commuting distance of New York City.  Visit us online at www.loisschneiderrealtor.com
 

The opinions expressed herein are the writer's alone, and do not reflect the opinions of TAPinto.net or anyone who works for TAPinto.net. TAPinto.net is not responsible for the accuracy of any of the information supplied by the writer.

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Summit

Upcoming Events

Carousel_image_92eaadab4fea5d764092_edc2dcd4802a1c409d7c_screen_shot_2018-04-03_at_1.15.57_pm

Sun, May 27, 8:00 AM

Summit Summer Farmers Market, Summit

Summit Farmers Market

Community Calendar Food & Drink Green Health & Wellness

Carousel_image_0c63dc6a6331d69b33d0_1d29717c7da85f620ea1_17903707_159818264543586_8956059855279803140_n

Thu, May 31, 11:30 AM

Canoe Brook Country Club, Summit

Fortnightly Club Scholarship Luncheon

Food & Drink Giving Back

Carousel_image_118c5e0cd5e374752d3b_4781cf968b524bd38b2e_cm1-300x285

Thu, May 31, 1:30 PM

Coppola Ristorante, New Providence

Lunch and Learn: Dental Implants and the ...

Health & Wellness

Summit Police Blotter

May 17, 2018

4/24 - At 0728 hours a report was taken for a theft of two (2) sandwiches from a business on Morris Avenue. The manager reported that at approximately 0330 hours a male entered the business and removed two sandwiches from a refrigerated case. After doing so, he exited the store without paying for them. The male suspect was described as Hispanic, approximately 6’0”wearing a blue/gray ...

Play Mahjong at the Summit YMCA this Summer!

May 27, 2018

The YMCA is not just about physical workouts... Exercise your mind playing Mahjong this Summer at the Summit Y.  Mahjong is a tile game played with 4 players that originated in China China in the Qing Dynasty and brought over to the United States in the 1920s. Today it's played throughout the world and in your very own backyard at the Summit YMCA! Mahjong is a game of skill, ...

Lightbridge Academy Grand Opening Set for June 9

Mark your calendars and come join us at our Grand Opening on Saturday, June 9, from 10 a.m. - 2 p.m.

The 'Bubble Party' will include tours of the Center, games, crafts, music, DJ, a petting zoo and even a visit from the Millburn Fire Department.

Enroll at the event and receive up to a $600 tuition credit.

We are excited to bring our pioneering early education and ...

Stocks Can Rise in a Rising Interest Rate Environment

Investors remain concerned about the potential impact of higher interest rates on stocks. In their most recently released minutes, the Federal Reserve Open Markets Committee indicated the US economy is on solid footing and the economic conditions warrant continued gradual increasing of interest rates. This set off a sale in the stock and bond markets as investors began pricing in a fourth ...

AtlantiCast

AtlantiCast: Episode 15

On this week’s AtlantiCast, learn some important tips for controlling and avoiding diabetes from an Atlantic Health System expert, see how Atlantic Health is advancing cutting-edge research, hear what’s being done to keep health care environmentally friendly and much more!

 

A Royal Pain

I went to a big wedding over the weekend.  It was in England.

I like to think I was invited, but according to the Royal Guards and the Thames Valley Police I was not.  But more about that later.

You see, not too long ago I received an evite addressed to me from H&M@royalwedbot.co.uk.  Curiously, it was in my spam folder with a warning message. For an evite it was pretty ...