If you’re ready to find your next home, it’s likely you’ll need to prepare for the sale of your current home to finance the move. Here is a plan to help you prepare for the sale.
Understand Your Mortgage Options
When you are reviewing your budget for the next house, also review your mortgage contract to find out if there are any penalties for early pay out of your existing mortgage term or if there are options for porting your mortgage to the next home. Your mortgage lender or mortgage broker can help you navigate your mortgage contract and provide advice on all the possible mortgage options you may have based on your circumstances.
Clean and Declutter
Making your home – inside and out – appear its very best is a very important part of the sale. Creating a “show ready” home involves reviewing each room and making changes to de-personalize each space and to clear as much clutter as possible so that buyers can see themselves living in the house. You may even want to rearrange the furniture or move some pieces out of the house temporarily to create extra space. Additionally, a thorough cleaning will make the house shine.
Make Your Home Showroom Ready
If you have the time and the budget, adding decorative touches such as new towels in the bathroom, new bedroom linens, and fresh flowers can enhance the appearance of the house. If you need a larger renovation to sell the home at your ideal price, but don’t have the funds to make the necessary changes, consider contacting your mortgage lender for help with refinancing into a mortgage product that contains a HELOC.
Don’t Forget the Outdoor Spaces
For curb appeal, clear up any debris, mow the lawn and trim back any shrubbery or branches that may be blocking the view of the home. Adding potted flowers can also make the outside look picture perfect.
Once you have your financial plan ready and actual house in order, you’ll be able to put your home on the market with confidence.
If you need a mortgage broker, visit the Find a Mortgage Broker feature on our website to find a broker in your area.