Jan 26 2017 31287 1

Dated: 01/26/2017

Views: 1217

5 Things You Need To Know Before Deciding To Buy Or Sell in 2017With the New Year in full swing all of us are chomping at the bit to put our new years resolutions into action. If your plans include becoming a first time homebuyer or selling your current home, you may be just a little overwhelmed by the process. Thankfully, we’ve narrowed it down to just five factors you need to know before deciding if 2017 is the year you realize your real estate dreams. 

 1. Pick Your Target Price PointWhether you are buying or selling, knowing your target price point is key. If you are a buyer this means deciding how much you are willing to spend based on how much you can afford. Pick a price range and stay within that price range. The same goes for sellers. Homeowners should have a dollar amount in mind that they are willing to accept based on comparable properties recently sold in the area. 

 2. Know Your Time FrameWhen would you like to be out of your current place and into your new one? How long are you willing to look for your dream home? Decide what your needs are and what your wants are. Then search for your home based on what you need first and want second. Give yourself a time frame and stick to it. 

3. Get All Your Ducks In A RowIf you are serious about making 2017 your year, the first thing any buyer or seller needs to do is get organized. For buyers this means mortgage pre-approval letters, proof of funds and all the paperwork necessary to go into contract. In addition, sellers and buyers alike should have an attorney they trust and a real estate agent who can guide them from the open house to the closing table. 

4. Decide Whether You Will Work With An AgentA good majority of buyers and sellers work with real estate agents because of their access to industry resources and their knowledge of the market. Decide whether or not you will work with a real estate agent or go at it alone. This is a personal decision for everybody. If you choose to test the waters on your own, give yourself a time frame and if you haven’t accomplished your goals by then consider consulting a real estate professional. 

5. Figure Out Why Now Is The Right TimeThis may be the most important factor of them all. Buying and selling real estate are a major undertaking. It takes time and dedication from all parties to make sure a successful transaction takes place. Figure out why now is the right time for you and your family to move. Be 100% sure you are ready for the commitment and dive in.

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