Article: Home Sellers Warning: Do Your Math Homework
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Home Sellers Warning: Do Your Math Homework
If you're thinking about selling your home and moving up to a larger home, do your math homework before offering your home for sale. Read the following story to see what can happen to home sellers who don't do their math.
A young family sold their home in California, before they determined how to buy their next house. All they thought about was moving into a larger home for their growing family.
Two years before, after this young couple purchased their first home, they bought a minivan with payments. They increased their credit card debt with home furnishings purchases. Then, the wife quit working to stay home with their new baby. The family still had sufficient money to make all payments on time.
They fell in love with a larger new model home i...
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