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My Husband owned the condo that we live in before I moved in and we got married. Now that there are two of us here, I work from home, and we are planning for the long term. We do need more space and want a space that can work for us for years to come. We decided it was the right time to move.
We have been thinking a lot about this recently as our mortgage is up for renewal in December, so now might be a good time to take that next step. Its really been an emotional roller coaster and I think it will continue to be until we decide 100% yes or no for now.
If we move we do need to take on a larger mortgage. This is taking us further from financial independence and setting back our long-term retirement goals.
Can we afford it? Yes
Will it impact our savings? Yes
Can we afford it in 2-3 years when housing prices keep rising in our high cost of living city? Maybe not.
There are also a lot of fees that I didn’t expect. On top of Realtors fees, Land Transfer Tax, Lawyers fees, Moving costs, likely some new furniture would also be required for a larger home.
When did you know it was the right time to sell and move?
What did you learn from selling your first home? What was different about the experience when you bought your first?
Please share your advice below!!
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