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Hello 2023!
Well, the new year is here! Happy New Year! Time certainly flies by, and it seems like as the years go by, they speed up! What are your plans for the upcoming year? Everyone is always wanting to start a health regiment or plan on getting a project completed in a timely manner. Sometimes the days are just not long enough. If your plans are wanting to purchase of sell you property in the upcoming year. Now, is the time to get your plan together to make your process go smoothly.
For Buyers, the time is right for you to consider what you need to make your purchasing process go smoothly. With the ever-changing interest rates, we are experiencing. Any buyer should be speaking to a lender and getting yourself prequalified for you loan. This will have many advantages for the buyer to know what they can and cannot do. Firstly, the buyer knows what they can qualify for in their future home purchase. Secondly, locking in the current rate may save you a considerable amount of money over the term of your loan. So, if the rates increase even more, you are locked in with your preapproval rates. Each lending institution has criteria on how long your approval period is good for, so make sure you ask your lender how many days your approval period is good for. Thus, giving you a timeline on how long you have to keep yourself on track in the purchase process. Then the quest for the new home can start with a Realtor/Salesperson you desire. With the help of your agent, you can then handle the process of inspections, and other processes of your home purchase.
For Sellers, yes, the market is starting to adjust somewhat in about all areas. The market is everchanging, but some areas will be slow to experience change than others. Certain markets are still quite low with inventory, and this is affecting the sales of properties in some price ranges more than others. Your real estate professional will know what you can expect on the sale of your property. Spring is generally the market most buyers and sellers are aware of as being the big surge of inventory and interest from buyers. But in the slower months of winter, you can achieve some good exposure with bad weather and snow days. Online exposure is great for Sellers in the winter months, buyers can search online and window shop without leaving their home or even on their cell phone. With that being said, if you still want to wait until the weather clears and the cabin fever is at its peak. Getting your home ready for the market, you can start by decluttering and getting your home ready for showing. Remember, the first impression of your home is always the best. You only have one time to impress your buyer. So, appearance is so important and clean, fresh, and organized home is always a good impression for a buyer. With the snow days, it can give you the time to get this taken care of and get your home organized.
Wanting to know what is happening in your neighborhood? Sign up for the Neighborhood News link below! Know what is happening and what the market is doing! This would include all local real estate offices in our area that are members of our local board of Realtors.
https://engage.cbmoxi.com/neighborhood_news/page?agent_uuid=a9a03854-9b68-4b6f-b54f-dec92085f6c3
Keith S Shaver
Realtor/Salesperson
304-667-3411
Thomas H Johnson, Broker of record/174 Northridge Drive/Lewisburg WV 24901/304-645-1242
