Your homeownership goals are within reach in 2023!
The market is shifting, but that doesn’t mean you have to give up on the home of your dreams. There is no reason you can’t reach your real estate goals this year! Read on for some of our best tips for buyers and sellers.
First, for sellers, it is imperative to price your home correctly. From the start, list your house appropriately based on where the current market is at. Buyer traffic is lower than it was a year ago, but homes that are priced right are still selling quickly.
Next, keeping your emotions in check will help you reach your long-term selling goals. This means that to successfully sell your home, you must separate the emotional value of the house from its fair market price. You may think your home is worth ten times its market rate, but that is because you have so many fond memories attached to it.
Lastly, staging your home properly is one of the best things you can do as a seller. Not only will it help you achieve your selling goals, but research has shown that staged homes sell faster and for more money. Staging creates a positive first impression and helps buyers envision the home as their own. It creates a blank canvas, which is what you want when people come to see your house.
As far as buyers go, there are several things you can do to realize your goals this year. First, it is crucial that you work on your credit. Your credit score influences your mortgage rate and future home loan. Improve your credit before buying by paying down debts and keeping spending in check.
The next thing you can do to meet your buying goals is plan for your down payment. Set aside a portion of each paycheck to go directly into a homebuying fund. This will eventually set you up to be in a great position when you go to put money down on a home.
Pre-approval is extremely important when it comes to achieving your buying goals. Getting pre-approved from a lender helps you better understand what you can borrow for your home loan so you can get a better idea of what you can afford.
Lastly, prioritizing your wants and needs is a great way to be successful in reaching your buying goals. Create a list of must-haves and nice-to-haves to determine what’s absolutely essential in a home and what you could get by without.
The best tip we have for buyers and sellers looking to achieve their real estate goals this year? Work with an experienced team who knows the market inside and out. First, contact Sandstone Financial’s Allycyn Bennett at 949.717.7290 to get pre-approved. Then, contact your local real estate specialist at SurterreProperties.com.
Source: Keeping CurrentMatters.com
