subject: Property In Durbanville: 6 Mistakes When Trading Up #2 [print this page] 6 Mistakes to Avoid When Trading Up to a Larger Home
Introduction:
Unlike the experience of buying a first home, when you are looking to move up, there are certain factors that can complicate the situation.
It is very important to consider all of these issues before you list your property in Durbanville for sale.
Not only is there the issue of financing to consider, but you also have to sell your existing home in order to trade up to a bigger home.
You need to sell your existing property in Durbanville at exactly the right time to make this whole process work. Also, you have to have the necessary finance to ensure the whole process runs smoothly.
The biggest dilemma could also be where you possibly own two Durbanville properties at the same time (which is not always the best thing to do) or where you can actually have no home to stay in at all while the registrations are in process.
Here is an outline of the six mistakes to avoid, and then we will take them one by one over the next few issues.
Firstly, entering the whole process with rose coloured glasses on.
Secondly, failing to make the necessary pre-approved bond.
Thirdly, not selling your current home first.
Fourthly, failing to make the necessary improvements to your home before putting it on the market and then getting caught up in a real estate catch 22 situation.
Number five and number six, failing to co-ordinate registrations.
2. Failing to make necessary improvements
If you want to get the best price for the property in Durbanville that you are selling, there will certainly be things you can do to enhance it in a prospective buyers eyes.
These fix-ups do not necessarily have to be expensive. But even if you do have to make a minor investment, it will often come back to you tenfold in the price you are able to get when you sell.
It is very important that these improvements be made before you put your home on the market. If cash is tight, investigate an equity or personal loan that you can repay on registration.
For further information on property in Durbanville, contact Pieter Kotze on 083 260 1932, or e-mail him at pieter@pieterkotze.co.za
by: Pieter Kotze
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