Move-up buyers are in a better position than their first-time counterparts. Shopping for a “forever home” feels like less of a stretch. When you bought your first place, chances are you were young, strapped for cash and prepared (at the very least, warned) to make some concessions. You can’t have it all, they said. So where will you take the hit – price, location, home style? Move-up buyers, on the other hand, typically has some savings and home equity to work with, making this next move feel less like a compromise and more a thoughtful selection.
But move-up buyers face their own set of challenges that call for a carefully considered strategy. Here are three options for the smart move-up buyer with a plan!