From Financial Highway:
Call us nuts, but we’re looking to scale up our house. Our family has grown, we’ve saved enough for a sizable down payment and we want a better school district/location.
While we’ll be taking a hit on our current home since we bought in 2005, there’s plenty of equity in there (yes, we were in the minority that put 20% down and took on a conventional 30 year mortgage) and we’re under no pressure to move so we’re taking a wait-and-see approach to trying to match up a decent offer on our home with scoring a great property (dream home) from a motivated seller in the top district in the area.
As part of our financial assessment, I set up a rather detailed spreadsheet outlining all transactional costs, as well as future costs in a larger home, potentially with a pool, etc. As part of this exercise, I scrutinized each and every category of costs to see if there were any opportunities...
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