What’s in store for 2024?

Cheers to the new year! With the holidays over, many of us are contemplating our goals. I’ve been a REALTOR since 2017 and the only thing that has remained consistent is CHANGE. I’ve sucessfully adapted and coached my clients through continuously moving market conditions. One thing has always held true- we can make educated guesses about what the market will do, but we can’t actually predict the future. Here are my top 3 things to consider if real estate is on your mind this year:

1. Interest rates– this has been the hot topic since April of 22. We are predicting a dip in rates for 2024, but we were also predicting that rates would drop in 2023. What really happened? Interest rates actually increased. Affordability has been impacted- but we are still well below historic highs. *If* you are waiting for rates to drop, keep in mind that a lot of other people are as well. When rates drop, you’ll be competing with a lot more buyers in the market. Here’s what else I have to say about that. 

2. Marketing your home– if you’re thinking about selling, there is competition out there. We are still steady in sales, they just take a bit more patience and negotiation. This is not the market to slack on home prep! It’s imperative to give the absolute best first impression with a clean and inviting house with top notch marketing. You need an agent who understands that and can advise you on how to stand out against the crowd. Call me! I will walk you through the buyer’s perspective and give you the tips and tricks to get the most from your home sale.

3. Buy and Sell– if making a move for you means selling your current home to buy another one, keep in mind that we rarely have a truly “balanced” market where the advantage is equal for both buyers and sellers. The current market has room for contingencies, meaning you can potentially get an offer accepted on your new home before selling your old one. That said, there are many other factors and options to consider. You may be able to purchase your new home and move out before listing your current one, which saves a lot of stress and hassle with living in a home that is actively on the market.

If any of this sparks further questions for you, or you’d like to chat about some of your options-please reach out! I’m here to help and would love to earn your business.