Move Up to your Portland Dream Home

Moving Up in Portland: Real Estate Agent Tips

The baby’s room is doubling as an office. You work across town and spend more time in traffic than you do with your family. The stairs in your split-level home seem to get higher each time you climb them. If any of these scenarios sound familiar, it’s time to move up.

Everybody has a dream home – the home that can accommodate a growing family or simplify life in retirement. The move-up home buyer has lived in their home a few years and has it nearly or completely paid off. Rather than being forced to leave because of foreclosure or a job change, moving up just means there’s another home out there in Portland that will better suit your needs.

If you’ve been talking about finding that perfect home – whether it’s bigger or smaller than the one you own, closer to town or father away – it’s time to stop talking about it and move up already! The Portland real estate market is at that sweet spot: low inventory, low interest rates, and high demand. With the help of a good real estate agent, you can sell the home you’re in and move up to the home you’ve always wanted all in the matter of a few months.

Unlike trading in your car, trading in your home can be a win-win situation for buyer and seller. Even if the value of your home hasn’t gone up since you bought it, you may be able to get more “bang for your buck” when you put that money into a new home. Did you settle for less when you bought your current home because the perfect neighborhood was too pricey or there was nothing available? Things have changed – you may be pleasantly surprised when you check again.

Once you’ve made the decision to move up to a new Portland home, talk with your Portland real estate agent about how to make it possible. Taking the equity in your existing home and using it to purchase a new home can be the simplest way, but some may choose to rent their existing home instead. By holding on to your existing home and renting it out, you can let your rental income take care of the mortgage on your new home and retain a nest egg for the future.

If owning two homes at once isn’t an option, your real estate agent can help you find ways to sell your current home and find a new one before it’s time to move out. For example, you may opt for a longer closing period – a month or more – and seek out options to rent back your home for up to 60 days.

No matter how you go about moving up, there’s no doubt that an experienced Portland real estate agent can make a big difference. You want to find the home you’ll stay in for years to come – and your real estate agent can help you set priorities, consider new options, and spend your money wisely. If you’re ready to stop talking about your dream home and actually start living in it, let’s talk today!