Hi guys! I hope you had a lovely holiday season and are entering this new year with good vibes! I want to be here for you as a friend, trusted colleague and or real estate advisor. My goals are met when yours are met!
Things look a bit different in real estate right now, which you probably don’t need me to tell you. While shifts occur, there is no reason to worry…they happen all the time and to quote a song, “every little thing gonna be alright”.
Top two points (two each for sellers and buyers) in my opinion:
#1- Sellers: your home isn’t worth what it was worth two years ago, BUT if you have been there for awhile, you still have access to a lot of equity and there is good news regarding this (See buyer tips for more).
#2- Sellers, inventory remains low and if you are realistic in pricing, you will still see a lovely and timely sale. Days on market remain lower than traditional timing and the marketing package can make all the difference…ps. I have a great one!
#1- Buyers, yes, interest rates are in flux. That is OK. Don’t put the brakes on home ownership because of that. Rates change…renting is a waste. Buy now, refi later. Look into adjustable rate mortgages or factor in the fact that you will have tax write offs and gaining equity. Pay yourself, not your landlord.
#2- Buyers, prices and competition isn’t as crazy as it was a couple of years ago. You can negotiate, have home inspections, have appraisals and not feel pressured. It is a much more balanced market.
So, in summary, the market isn’t what it was a couple of years ago and in my opinion that is good. People on both sides of the fence still have plenty of potential to realize their goals without so much stress (not no stress).
If you are considering a move in 2023, lets set up a time to chat about your goals and make a strategic plan to accomplish them.
Lesley Lambert, REALTOR, Park Square Realty 413-575-3611
