What are your 2023 housing goals?

Are you planning to buy or sell a home this year? It’s important to understand the current state of the housing market and to clearly define your goals in order to successfully achieve your homeownership vision for 2023.

“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

Here are a few questions to consider as you refine your homeownership goals for 2023:

1. What is driving your desire to make a move?

There are still many compelling reasons to buy a home today, regardless of the current market. Maybe your needs have changed in a way your current home can’t meet, or perhaps you are ready to become a first-time homeowner and have a space that’s truly your own. Use your motivations as a guide in partnership with a trusted expert to ensure your move will bring lasting satisfaction.

2. What does your ideal home look like?

You know you want to move, but how do you envision your dream home? The supply of homes for sale has increased, which could mean more options to choose from when you buy. Just be sure to keep your budget in mind and work with a reputable real estate professional to balance your wants and needs. The more you understand what’s essential and where you can be flexible, the easier it will be to find the right home for you.

3. How ready are you to buy?

It’s essential to clarify your budget and savings before getting too far into the process. Working with a local agent and lender early on is the best way to ensure you are in a good position to buy. This may include planning how much to save for a down payment, getting pre-approved for a mortgage, and evaluating your current home equity if your move involves selling your current home.

A Professional Can Give You Guidance Through Every Step

Working with a real estate professional can help you navigate the home buying or selling process and provide valuable advice and information about the current market. Don’t let a lack of knowledge or information hold you back from your goals – a trusted expert can guide you through every step of the process.