2017 is almost behind us and if you’re planning on buying a home in 2018 here are three things to consider in the next year.
That old saying is definitely true; location, location, location. And it will definitely matter in the new year as well. Where you buy is just as important as what you buy. There are neighborhoods that are up-and-coming where you can get a great deal at the beginning of the year and have that investment gain value throughout 2018. There are other communities and neighborhoods that may lose value over the next year. Understanding location, what’s around the neighborhood, and the market in each of these neighborhoods is going to be crucial to buying a home in 2018.
Home prices are skyrocketing in a lot of markets across the US so it’s important to understand what the market is doing in the area you want to buy. Having your own real estate agent keeping a close eye on the market and doing the research yourself will get you a long way in getting the right home at the right price. Timing the market, finding the right cracks between too many houses on the market and too high of a price, and pulling the trigger at the right time all takes a little bit of finesse. This is why having an experienced real estate agent that is well-versed in the market is a critical component of buying the right house at the right time.
Buying at the right time is important but so is the price. Finding the right price that works with your budget without overpaying is critical. Not only should your real estate agent understand the location and the market but home values as well. You certainly don’t want to be overpaying for a house at the peak of the value, but you don’t want to buy a home that will lose value once you sign the final closing payments. Negotiating the right time and the right price is a fine dance that should be studied carefully between your real estate agent and yourself.
These three factors can come together in the perfect combination to find the right house whether you’re looking for an investment or a primary residence. For more secrets to buying the right house, in the right place, at the right time, call us today. Let’s get started making 2018 year that you make a great real estate investment.