3 Keys To Hitting Your Homeownership Goals in 2024 — NIC, THE REALTOR

Looking to buy or sell a home in 2024? It's key to get a handle on the current housing market, clarify your reasons for doing so, and team up with real estate professionals to make your homeownership dreams for the new year a reality.

So, let's talk about how the economy has been shaking things up in the housing market over the past year and probably affecting your finances. It's super important to really know what's going on in the market right now and also have a good idea of what you're aiming for when you're thinking about buying or selling a home. Danielle Hale, the big shot Chief Economist at Realtor.com, breaks it down for us. She's got the inside scoop!

“The key to making a good decision in this challenging housing market is to be laser focused on what you need now and in the years ahead, so that you can stay in your home long enough that buying is a sound financial decision.”
— Danielle Hale, Chief Economist at Realtor.com

As you start planning your goals for 2024, here are some important things to consider.

1. Know Your Why

Have you been daydreaming about switching things up and making a move? There's a reason behind that feeling – what is it for you? No matter what's happening in the housing market, there are tons of good reasons to buy a home at this moment. Your needs may have shifted in a way that your current place can't accommodate, or maybe you're all set to become a homeowner for the first time. Let your "why" and your motivation steer the ship, along with a savvy advisor, to make sure your move leaves you with a lasting sense of satisfaction.

2. Figure Out What Your Next Home Needs To Look Like

What's your ideal home like? The number of available homes to choose from has increased lately, which means you might have more options when you're ready to buy. However, the overall housing supply is still lower than usual, so it's important to team up with a pro to find what you're looking for. Keep your budget in mind as you navigate through your desires and requirements. Knowing what's crucial and where you can be flexible will make it easier to find a home that's perfect for you.

3. Determine if You’re Ready To Buy

Before you dive too deep into the home buying process, it's super important to have a clear understanding of your budget and how much you have saved up. It's a great idea to team up with a local real estate agent and a lender right from the start. This will help you figure out things like how much you need 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

Thinking about buying or selling a home can be a lot to handle, right? It's totally normal to feel overwhelmed by it all. But don't let that stop you from reaching your goals this year. A reliable expert can guide you through the process and provide the information and guidance you need to understand today's real estate market.

Bottom Line

How about we chat and figure out a game plan to turn your dream of owning a home into reality this year?



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