As we look back on real estate in years past, we like to help home owners, sellers and buyers alike learn from the past.
If you’re thinking of selling this year, here are some resolutions to consider!
Real estate resolutions for BUYERS…
I will get my finances in order.
Before you even sit down with a mortgage advisor, get your credit score so you can understand and rectify any issues (it can take 6+ months to improve your FICO score). This will allow you to look better in the eyes of lenders and therefore secure better rates. You can also ensure you have the information needed to apply for a mortgage – 3 years past history of T4’s, investments, recent pay statements etc.
I will get to know the market before I need to buy.
We always recommend that you start getting to know what is coming out on the market 2-3 months before you want to buy. This will allow you to get to know what your budget will buy and set your expectations before you walk into multiple offers. It will also give you greater confidence that what you are looking at is what you want compared to what you’ve seen come to pass.
I will not overpay for a home in multiple offers.
We always ask our clients to take the time to have a very real conversation about the value of the home (which we educated them on with current comparable analysis) and what their comfort level is in relation to that value BEFORE they walk into a multiple offer. This ensures a benchmark so you know your walk-away point rather than getting caught up in the emotion and competition of the night. Someone else may win the bid but they may have also grossly overpaid. Don’t be that guy.
Thinking of buying or selling this year?
Don’t worry – we’ll help you stick to all these resolutions 🙂 Contact us today to learn how we can help you from beginning to end with every step.
Home values are up…do you know what your home is worth? Click here to find out.
Want to know when your neighbours are selling and for how much? Click here to find out.
And don’t forget to click here to check out our Real Estate Resolutions for Sellers!