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Janis Douglas Sales Representative
Royal LePage Frank Real Estate, Brokerage Independently owned and operated
Office: 905-985-9898Toll Free: 1-866-447-4434

Stay Put or Move?

July 10, 2018 - Updated: July 10, 2018
Whether to Stay Put or Move? Maybe you’re on the fence about whether to buy or sell
your home this year or next. You could be in “wait and see” territory, anticipating further
fallout from the new mortgage qualification rules, rising interest rates or tariff wars. On
the other hand, you may consider your decision based on a “lifestyle” choice. When
most of us buy our first house, major influencing factors are often first and foremost,
cost and convenience. However, many go shopping for a new home due to changing
life circumstances, whether a change in the size of and makeup of family; or a desire to
finally own that dream home. It is not surprising that making a move from one property
to another is a necessary step in most homeowner’s life. If upsizing isn’t in play for
some, downsizing at some point will be inevitable. It is a very different experience
when planning to move up as a family grows, to relocate locations or downsize.
The second time around experience may be a very different one for most, primarily
because buying and selling at the same time brings up a whole new set of challenges. Those
who plan well in advance can make it happen more smoothly. In order to determine which
strategy may be best suited to your personal circumstances, it is critical to weigh the pros and
cons of each option. There is no “right” answer to this dilemma; it’s a personal decision that
should take into account your current circumstances and the kind of risk that is most tolerable
for you personally. Buying first increases the risk of higher expenses. Selling first increases the
risk of having to live “between homes”. That said our current market definitely lends itself to
sell your current home first and is the wisest decision for the majority of clients!
No matter what you choose to do, if it is on your mind, a good start is getting your house
in order. Freshen up without going overboard. Check off all ‘to do lists’. Selling a
home takes lots of time and energy. For Purchasers it is ensuring you can afford and
not overextend your financial abilities; to focus on picking a place to live that gives good
value and one you can live in for awhile. Advance preparation, for both Sellers and
Buyers, and not waiting until the very last minutes, is a very good start.

Tagged with: move buy sell mortgage qualification family home
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Contact Me

Janis Douglas Sales Representative
Royal LePage Frank Real Estate, Brokerage Independently owned and operated
268 Queen Street
Port Perry, ONT   L9L 1B9

Toll-Free: 1-866-447-4434Phone: 905-985-9898Fax: 905-985-2574
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