Move up or Stay Put?

Move up or Stay Put?

Between price reductions and record low interest rates, many homeowners are asking themselves if now is a good time to move up.

Buying under today’s conditions can mean getting more home for less buck. You’ll pay a smaller amount of interest over time and can snag that dream home for a fraction of it’s boom era price. Additionally, with the large number of distressed homes on the market, you may even find a home at a steep 10 to 20 percent discount.

Before you start mentally decorating that dream home, however, you should consider what “moving up” means for you. For some buyers, moving up means a better neighborhood. For others it means a bigger home with more space or amenities.

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Thinking of moving up? Check out our handy calculators to figure out potential mortgages, closing costs, and more!