If you want to buy or sell a home in 2024, it’s important to understand what’s happening in the housing market right now. You should know why you want to do it and get help from experts in the field to make your dream of owning a home in the new year clear.In the past year, the economy affected the housing market a lot, and it probably affected your money too. That’s why it’s really important to not only know about the market today.
But also to have a clear idea of what you want when you’re buying or selling a home. Danielle Hale, who is the Chief Economist at Realtor.com, says:
“The key to making a good decision in this challenging housing market is to focus very clearly on what you need now and in the future. This way, you can stay in your home long enough for buying to be a smart financial choice.”
As you set your goals for 2024, here are a few things to think about.
1. Know Your Why
You’re thinking about moving for a reason – what is it? Despite what’s happening in the market, there are still many good reasons to buy a home now. Maybe your needs have changed, and your current house doesn’t meet them anymore. Or perhaps you’re ready to become a homeowner for the first time. Whatever your reason, use it as a guide, along with the help of a knowledgeable advisor, to make sure your move brings you a sense of achievement that lasts.
2. Figure Out What Your Next Home Needs To Look Like
You’re ready to move, but what does your ideal home look like? There are more homes available for sale lately, which means you might have more choices when you’re buying. However, the overall number of homes on the market is still lower than usual, so it’s important to team up with a professional to locate what you’re searching for. Just remember to stick to your budget as you consider your preferences and necessities. The more you know about what’s crucial and where you can be flexible, the simpler it will be to find a home that suits you well.
3. Determine if You’re Ready To Buy
Before you go too deep into the home-buying process, it’s crucial to have a clear understanding of your budget and available savings. Working with a local agent and a lender from the beginning is the best way to ensure you’re in a good position to make a purchase. This involves figuring out how much to save for a down payment, getting pre-approved for a home loan, and evaluating the equity in your current home if you’re planning to sell it.
A Professional Will Guide You Through Every Step of the Process
Buying or selling a home can be complicated, and it’s normal to feel a bit overwhelmed. But don’t let uncertainty stop you from reaching your goals this year. A trusted expert can guide you through the process, providing you with the necessary facts and advice about today’s housing market to help you make informed decisions.
Bottom Line
Let’s get in touch to strategize and turn your dreams of homeownership into a reality in 2024. Find out why Kaya Homes is the leader in Long Island Real Estate and are your go-to realtor in the Lynbrook, Oceanside, Malverne, Hewlett, Valley Stream, East Rockaway, Woodmere, Cedarhurst, Baldwin, North Woodmere, Woodsburgh, Hewlett Neck Hewlett Harbor, Bellmore,Wantagh,Merrick and Freeport area.
Written by Kayahomesny on January 30, 2024. Posted in Blog
Tags: #HousingMarket, #HousingShortage, #LowInventory, #PropertyListings, #RealEstateAdvice, #RealEstateMarket
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