If you have 2022 plans to buy or sell, here are a few key tips.
Now that we’ve finally reached the new year, it’s time for those New Year’s resolutions! This is a popular time of year for people to set real estate goals; people often resolve to buy their first house or sell their current one. With that in mind, today I’ll run through some of the things you need to think about if you have real estate plans for the new year.
Let’s start with sellers. If you’re planning to sell your home within the next year, you need to:
1. Get a home valuation. Even if you’re six months away from listing, now is the time to start talking to an expert so you have a baseline value of your property.
2. Come up with a game plan. Do you need to do any updates or make repairs? We’ll gladly come to your home and give you a full breakdown of what you need to do to get a higher return on your investment when you sell. Sometimes, certain repairs and updates are totally worth it, but other times, you might pour money into your home and fail to get it back.
Now is the time to start talking to an expert so you have a baseline value of your property.
3. Tell your Realtor your plan early. All our best sales come to sellers who give us a heads up. If you let us know sooner rather than later, we can help you with steps one and two. That way, you won’t have to scramble at the last minute and make snap decisions. Let your real estate experts know about your intentions to sell as early as possible, and we’ll make sure you’re ready to go.
Now if you’re looking to buy a home in 2022, here’s what you need to get done:
1. Talk to a mortgage lender. It’s never too early to start the conversation about pre-approval. Even if you don’t go all the way to get a pre-approval letter, you’ll at least get a good education from the lender; they’ll tell you all about what’s going on in the market and how to get yourself in the best financial position to make a purchase. This also goes for investors. If you’re thinking about buying a rental property or a fix-and-flip, education is key.
2. Let your lender know about any new job changes. The new year often comes with job changes; if you’re switching jobs, run it by your lender. You don’t want to put yourself out of a mortgage by jumping for a job opportunity if you could wait a couple of months to qualify.
Whatever your real estate goals, we have the resources to help you find success. Don’t hesitate to call or email us with any questions you have. In the meantime, have a wonderful new year!