You've Been There, Done That...
Experienced Buyers have different concerns than first timers. You have already been through the process of buying a home, at least once, and your concerns have shifted toward longer term goals. Many experienced buyers are relocating, moving to accommodate a growing family, or finally buying their dream house. Yet others are retiring, downsizing, or moving to be closer to family.
The needs of an experienced buyer are varied and complex. Catalano & Associates Realty will focus on your particular requirements and desires, and structure our service to fit your situation. No two clients are identical, and our extensive history with buyers and sellers in all periods of their life can ensure we offer exactly what works for you.
Of course! Catalano & Associates Realty has helped many move-up and move-down buyers. We are well versed in the finesse of juggling a sale and purchase simultaneously. In fact, Christina Catalano once brokered a deal that involved four houses, five parties, and a two week closing timeline that allowed every party to get moved and settled into their new home!
The down payment is a key factor for most experienced buyers. Your second and subsequent homes offer a good opportunity to increase the investment in your home, ease monthly payments, and eliminate Private Mortgage Insurance (PMI). Catalano & Associates Realty can help you estimate a likely sales price, cost to sell your existing home, net proceeds on your sale, and costs to purchase your next home. The combination of these numbers will give you a good idea of what funds you have available for down payment on your next home. We can also discuss improvements needed, and whether it is a good idea to hold back some of your downpayment for updates or repairs.
The sell/buy domino can be daunting, even if your purchase is contingent on your sale. Many questions come into our minds regarding the timeline of moving out of our sale and into our purchase. Out of state moves provide a blessing and a curse in the form of moving company delays, but what if you are moving within town? Catalano & Associates Realty can help you assess possible solutions, including: leasing back from the buyers of your old home, using PODS or similar moving/storage solutions to bridge the gap, or working creatively with your lender to allow for you to purchase your next home before closing on your sale.
You may think that all real estate purchases are the same, but that is far from the truth. While there are many similarities in the process, most of the details will be different. Buyers moving to a more rural area may need to consider septic systems, wells, wildlife, and agricultural leases and exemptions. Buyers downsizing to a condo may need to consider increased HOA fees, different insurance requirements, and condo related financing hurdles. Fortunately for you, Catalano & Associates Realty has experience with most every situation, and the tenacity to find solutions to even the most complex issues.