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Hi! It’s Jennie Wolek with the The Wolek Group at Keller Williams Realty Advantage in Tulsa, Oklahoma.
Today, I want to talk to you about a trend our team is seeing a lot of lately - the TRADE-UP PURCHASE. A trade-up involves selling your current house and getting into that larger, or maybe even luxury, home you’ve always dreamed of, OR making the move to trendier, or more coveted, neighborhood. This is something we’re helping MANY of our clients with lately!
There are a couple of different reasons why we’re seeing this happen in Tulsa. First of all, savvy buyers want to take advantage of what are STILL historically low interest rates. Simply put, right now you can get more house for your money. Secondly, purchasing a larger or luxury home now locks in any future appreciation - as the real estate market appreciates over time you’ll gain the appreciation and equity on a more expensive property.
There are many different ways to accomplish the trade-up. You can sell your existing property first, and then purchase and move into your dream home. Or, with the go-ahead from your lender, you can purchase your new home, and THEN sell your first property after you’re already settled. Many of our clients these days opt to keep their current house as an investment property, which allows them to enjoy the lifestyle they’ve dreamed of, while still having their first mortgage paid down, or off, by tenants. Of course, that option also provides a solid income stream for later in life - real estate is always a great investment!.
Whatever way you choose to accomplish your trade-up, The Wolek Group is ready to help you! With our team of specialists, including full-time listing and buyer’s representatives, we promise to make your transition as smooth and easy as possible - as ALWAYS, our primary goal is to get YOU where you want to be.
So, if you’re curious about the value of your current home, or if you want to take a look at a few potential trade-up properties to see what’s out there, give us a call at 918-706-9845!
