What makes upsizing in Bloomfield Hills challenging?

Move-up buyers must coordinate a sale and a purchase in a luxury market with limited inventory, longer due-diligence periods, and school-year timing. Contingent offers are weaker, bridge-financing can be costly, and capital-gains and property-tax changes must be planned in advance.

Why choose Michael Perna for upsizing?

Michael has coordinated 467 simultaneous buy-sell transitions, saving clients an average of $42,000 through strategy and timing. He brings 24+ years’ experience, 8,000+ transactions, and deep Bloomfield Hills knowledge so families win new homes while maximizing proceeds on the sale.

How does strategic timing maximize value?

Launching the sale during peak demand (often spring/fall), pre-marketing to qualified buyers, and negotiating flexible possession on the purchase allow you to avoid double payments, reduce carrying costs, and maintain leverage in both negotiations.

Which neighborhoods are best for upsizing?

Popular move-up areas include Turtle Lake Community (lake access estates), Foxcroft (newer, larger plans), Bloomfield Village (historic charm and acreage), Charing Cross (traditional estates), the Cranbrook area (education-focused), and Meadowlands (contemporary designs).

Can you share a recent upsizing success story?

A family moving from a townhome to a 5,200-sq-ft Foxcroft estate secured their purchase off-market while their sale was pre-marketed to backup buyers. Both closings aligned, they avoided bridge costs, and bought $35,000 under ask—kids started school with zero disruption.

How important are schools when upsizing?

Very. Bloomfield Hills Schools and nearby private options like Cranbrook often drive neighborhood selection, commute trade-offs, and timing. Michael coordinates enrollment timelines and location strategy so the move fits your academic calendar.

What financing strategies help eliminate contingencies?

Bridge loans, HELOCs on the current home, delayed closings, and portfolio or jumbo solutions allow non-contingent offers. Michael and his lender network compare costs and risks so your offer wins without overpaying.

How are properties evaluated for long-term value?

Analysis includes school boundaries, lot size and flexibility, construction quality, energy efficiency, commute access (I-75/I-696/Woodward/Telegraph), and resale demand by micro-neighborhood to target homes that appreciate and fit future needs.

What mistakes do upsizing families make?

Overextending budgets, selling before securing the right replacement, weak inspection diligence on large homes, overlooking property-tax impacts, and relying on contingent offers in competitive segments. Michael’s plan prevents these issues.

When is the best time to upsize?

When timing, budget, and target inventory align—often spring or early fall for families. Rate dips, bonus cycles, and school calendars can create ideal windows; Michael designs a timeline that balances speed, price, and convenience.