Happy House Hacking

Upsize or Downsize: 5 Strategies for Your Next Move


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Need to upsize or downsize? In this episode, we reveal the 5 best strategies to make your move a reality! We explore options like buying first and selling second, turning your current home into a rental, and navigating the complexities of contingent offers. Discover how to leverage your home equity, negotiate effectively, and minimize stress throughout the process.

Takeaways

  • The average US homeowner has $300,000 in equity.

  • Upsizing is more common than downsizing currently.

  • Buying first and selling second is ideal if possible.

  • Bridge loans can help ease the transition between homes.

  • Contingencies in offers can weaken your position as a buyer.

  • Selling first and leasing back can provide flexibility.

  • Moving twice can lead to stronger negotiating power.

  • It's important to have clear communication with your real estate team.

For more on the Schwaegerle Team follow us on Instagram - Facebook - YouTube - or visit us online at https://www.soldslocounty.com.

This podcast was produced by Two Brothers Creative.

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Happy House HackingBy The Schwaegerle Team

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