Things to Think About Before You Move

It's easy to feel that there's a better place somewhere else...especially when you see the value of your house rise, the property taxes go up as well, and you know you could buy an even better place for a third of the price...elsewhere. But as a great article by Susan Swartz, a writer for the Press Democrat points out, we don't really move just for the house. Moving is "about context and culture, values and community," she writes.

That's why it is so important to take to heart the advice about spending vacation time in places where you plan to buy a second (or primary) home. What's it like in the winter? How far are the cultural events you want to enjoy? What's the transportation like? Where's the nearest Whole Foods or Trader Joes? Seems obvious, but so often we can get distracted simply by the economics of it all. In today's market, where you are surely bringing in way more than you paid for your house, the idea of putting the money into a house that needs no mortgage is surely an appeal, especially if you are retiring. But do look before you leap... that same high price you get to sell your house, is what you'll have to pay if you change your mind and want to return to where you started. And that will not be fun.

Comments

[John]

In the US nearly 750,000 owners are in trouble – this is up about 96% for the first eight months of this year (2007). You must first asses your ability to make payments on your loan before you consider the steps that need to be made to stop foreclosure and the refinance options available to you. If you are buried in debt then you may not b able to carry the burden of even a lower payment. You must ask yourself if the lower payment is better for your budget than getting in a lower rent situation. If saving your home from foreclosure is a viable option to consider then you must make contact with the lender who is trying to foreclose on your property. It is likely that they are already in contact with you so this may be easy to do. If you are several months over due you might need to make up a payment or two to negotiate with them to stop foreclosure. You can also show proof of your progress to refinance your home and stop foreclosure. The loan company or lender you are dealing with may have private investors that can help you out. Many foreclosure investors are in constant contact with lending institutions seeking loan opportunities for foreclosure properties.

Thanks, John http://www.thejohnbeck.tv http://www.usfreeads.com/922827-cls.html

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