What positive changes do you plan to make in 2017? If you are looking to lose weight, stop smoking or eat healthier, we wish you well, but we probably can’t help you.
But here are a few “real estate resolutions” to consider that can save you time, money, frustration or all of the above in the New Year:
- I will only buy or sell a home with the assistance of a professional Realtor (ideally, an Allen Tate Realtor®). Unless you have previous experience in real estate (and even if you do), going the For Sale by Owner (FSBO) route is just a bad idea. Real estate can be complicated and even a simple mistake can be costly. You need a professional.
- I will get pre-approved BEFORE I begin shopping for a home. Doing so will better position you with a seller when you find the home you want. Also, you won’t spend time looking at homes in the wrong price range.
- I will get a second opinion before I lock in a mortgage. Allen Tate Mortgage offers a Best Rate Guarantee, to ensure you are getting the best rate and total loan package. If they can’t meet or beat your offer from another lender, you get $500 at closing.
- I will contact my Allen Tate Realtor BEFORE I make any improvements to my home. While you need to keep your home current, there are some upgrades that actually are detrimental to your home’s resale value. Talk to your Realtor first.
- I will be realistic in my expectations as a seller. While inventory is predicted to remain low in many price points through 2017, buyers are still looking for homes priced fairly for the market and in excellent condition. This is not the time to inflate your asking price or neglect needed repairs and upgrades.
- I will act swiftly and decisively as a buyer. Many homes are selling quickly. If you find a home that you love, be prepared to present your best offer. Even if you sleep on it, you might miss the opportunity. And don’t expect a lot of concessions from the seller.
- I will be brave. Interest rates are still extremely low, but sale prices are rising. Don’t be paralyzed by the fear of selling too quickly, or not finding the right home to buy. The worst that will happen is you may be a little inconvenienced or need to move twice. But it may be years again before market conditions are as optimal as now.
- I will keep my home in good condition. A home is an investment, not a one-time purchase. You should budget about $3,000 a year (1 percent) for repairs, maintenance and upgrades for a $300,000 home. While you won’t spend that much every year, you likely will over a 10-year period. This is important for your enjoyment, but also to maximize your home’s resale value.
- I will schedule an annual insurance review. At least once a year, you should ask your Allen Tate Insurance agent to “shop” your coverage to make sure you are getting the right insurance coverage at the most competitive rate. Sure, it’s easier just to keep things the same … until you need to file a claim, or realize how much money you could be saving.
- I will call Allen Tate first. In 2017, Allen Tate Companies will celebrate their 60th anniversary in business. We are consistently ranked as #1 in the Carolinas and in the top 20 real estate companies nationwide. We got to this point by being trusted advisors and putting our clients first. Our Family of Companies offers you a one-stop real estate experience. OUR website gets the most traffic because it is complete, accurate and timely. Need more reasons? Give us a call at 1-800-210-0321 or visit allentate.com.