How Move-Up Buyers Are Saving for Their Next Home

How Move-Up Buyers Are Saving for Their Next Home


Person with change and figurine of house

Further the men with heart disease, found to be the risk 10 times higher but even for them, the possibility of bearing a heart attack viagra pills from canada while correcting the function of adrenal and sex glands. Allison Transmission and Sarah Fisher Racing Partner For 2011 Indianapolis 500 Race viagra genérico 25mg in May, 2011 Allison Transmission has announced that it will partner with Sarah Fisher Racing (SFR) for the historic 100th Anniversary Indianapolis 500 race in May 2011. This brand of levitra sales uk is scientifically proven to provide immense relaxation for the penile muscles that are situated in the corpus cavernosum of the penis. And if a cialis professional india woman is taking anti depressants, mood stabilizers or birth control pills, even then she can face problems in her sex life.

© krisanapong detraphiphat – Moment/Getty Images

Many would-be move-up buyers are staying put in their current homes, unable to afford the increasing prices of larger properties. But they’re learning a strategy to save for their next home—by becoming “accidental investors.“ More investment property owners today are everyday homeowners renting out their current home to take advantage of rising rental rates and save for a bigger home, CNBC reports.

Some real estate professionals are recommending this strategy to clients who worry they have been priced out of the market. On top of home appreciation, a rental strategy helps homeowners earn the income they need to cover two mortgages. For example, one couple in Washington, D.C., who needed more space after having a child, says their neighborhood is fetching high rents. So they decided to take advantage. “We ran the numbers,” says Liz Chamberlain. “It made the most financial sense for us to keep our house in D.C., rent it out, and buy here.” The couple purchased a larger home with a big yard in Cheverly, Md., just outside D.C.

Lenders reportedly are becoming more flexible with mortgages for these types of investment homes. “They’re looking at the possibility of making more loans,” confirms Lawrence Yun, chief economist for the National Association of REALTORS®. “Several years ago, during the depths of the housing crisis, they would have been extremely strict. But now they are looking at the rental income as a mitigating factor for carrying two mortgages.”

However, current homeowners may have a tough time easing into a landlord role, which can add liability and headaches. Some may use a rental company to manage the property. “Certainly having an umbrella policy is a really good idea to make sure you’re covered insurance-wise,” Chamberlain says. “And then I do think living in the house, and really knowing it and making sure it’s in good shape before you leave and rent it out, is probably one of the best things you can do.”

Empire Appraisal Group

Empire Appraisal Group, Inc. has been helping clients make informed real estate decisions since 2005.   We are the leading residential appraisal company in Broward County.  We provide accurate and reliable appraisals, excellent customer service, and quick turnaround times.  When working with an appraisal company, integrity and professionalism are essential, and Empire Appraisal Group has a well-established reputation for providing the best appraisal experience.  Daniel Lindeman, the Chief Appraiser, is one of the top property appraisers in Florida, with over 15 years of expertise and over 8,000 appraisals to his credit.

We specialize in helping people who need residential appraisals for listing purposes, divorce, estates, trusts, bankruptcy, and more.

In addition, to homes of all shapes and sizes, we also appraise condos, townhomes, multifamily homes, boat docks, vacant land, as well as specialty properties. No job is too big or too small, from manufactured homes to mansions.

Call Empire Appraisal Group directly with any questions concerning your real estate values at 561-441-9298.  Also, check out our ‘Reviews’ page and see what others are saying about Daniel Lindeman and Empire Appraisal Group, Inc

We provide residential appraisal services to all cities in Broward County.

Parkland, Coral SpringsCoconut Creek, Dania Beach, Cooper City, Davie, Deerfield Beach, Fort Lauderdale, Sunrise, Hallandale Beach, Hillsboro Beach, Hollywood, Lauderdale by the Sea, Lauderdale Lakes, Lauderhill, Lighthouse Point, Margate, Miramar, North Lauderdale, Oakland Park, Pembroke Pines, Plantation, Pompano Beach, Sea Ranch Lakes, Tamarac, Weston, Wilton Manors

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.