How should I prepare for a move next year

How should I prepare for a move next year?

Understand the price difference between your current and your new home.

Get a mortgage pre-approval.

Talk to your mortgage broker to find out the steps for a pre-approval. Ask if there will be any penalty associated with a new mortgage.

Research different neighbourhoods.

Make sure your new neighbourhood will meet your lifestyle needs. Look up schools, amenities, activities, public transit, etc.

Research the market to set expectations.

Get insights about the selling prices, the inventory level, the average days on the market and your house value, for example. This will give you reasonable expectations and help you prepare your budget. A knowledgeable real estate agent will provide you with all the data you need to make informed decisions.

Declutter your house to make sure it appeals to most buyers.

Who wants to move boxes of knick-knacks that will end forgotten in your new home’s storage? This will also help to prepare for the sale of your house by making it more appealing to buyers. Read our resource Is your home ready for buyers? for more tips.

Start the buying and selling process early.

By starting the process early, you can ensure that all the elements are in place so that when your dream home hits the market, you can quickly move forward on its purchase.