Whether you’re buying or selling a home in 2024, staying informed about the current market and having a clear understanding of your own needs and goals is essential. Danielle Hale, Chief Economist at Realtor.com, puts it this way:

“The economy and housing market will continue to evolve in 2024, and consumers will need to stay on top of market trends and understand how their personal financial situation and lifestyle needs align with their home buying and selling decisions.”

Here are a few questions to consider as you define your home ownership goals for the year ahead:

1. Know Your “Why”

Take some time to reflect on why you’re considering a move in 2024. Maybe you’ve outgrown your current home, or you’re finally ready to take the leap into homeownership for the first time. Whatever your reason, keep it at the forefront of your mind as you navigate the housing market and work with an experienced real estate advisor to ensure that your move is a positive, fulfilling experience.

2. Picture Your Dream Home

With the number of homes for sale increasing, you may have more options when it comes to finding your perfect home in 2024. However, it’s still a good idea to have a clear understanding of your budget and what you’re looking for in a new home. Work closely with a real estate professional to identify your must-haves and where you’re willing to compromise. The more specific you can be, the better the chances of finding a home that checks all your boxes.

3. Get Your Finances in Order

Before you dive into the home buying or selling process, it’s important to take stock of your financial situation. Here are a few steps you can take to get started:

• Plan your budget and savings goals for a down payment.
• Get pre-approved for a home loan to determine your purchasing power.
• If you’re selling your current home, find out how much equity you have.

It’s also a good idea to partner with a local real estate agent and a trusted lender early on to get a clearer picture of your financial situation and prepare for the road ahead. Don’t let uncertainty hold you back from achieving your goals in 2024. A professional can provide the knowledge and guidance you need to navigate the housing market with confidence.

Bottom Line

Ready to make your homeownership dreams a reality in 2024? Let’s connect to start planning your next steps. Don’t hesitate to reach out and get in touch!