If buying or selling a home is part of your dream for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the year into focus. In the last year, high inflation had a big impact on the economy, the housing market, and your wallet (most likely). That’s why it’s critical to have a clear understanding of not just the market today, but what you want out of it when you buy or sell.
Here are three questions to consider:
What is motivating you? You’re dreaming about making a move for a reason – what is it? No matter what’s happening in the market, there are still many compelling reasons to buy a home today. Your needs may have changed in a way your current house can’t address, or you could be ready to step into homeownership for the first time and have a space that’s truly your own.
What does your next home look like? You know you want to move, but how would you describe your dream home? The available supply of homes for sale has grown, and that could mean more options to choose from when you buy. The better you understand what’s essential and where you can be flexible, the easier it can be to find the home that’s right for you.
How ready are you to buy? Getting clear on your budget and savings is essential before you get too far into the process. Working with an experienced lender early is the best way to make sure you’re in a good position to buy. This could include planning how much to save for a down payment, getting pre-approved for a home loan, and assessing your current home equity if your move involves selling your existing house.
Buying or selling a home is a process that takes expertise to navigate. If that feels a bit overwhelming, know you aren’t alone. I can bridge that gap and give you the best advice and information about today’s market and guide you through every step of the way!
