When will home prices or rates drop? 3 Tips to prepare financially for your next move.
Everyone buying or selling real estate wants a good deal.
Buyers want to know they’re paying fair value.
Sellers want confidence they’re maximizing their return.
Market conditions play a big role in how negotiations unfold. When the market leans too far in one direction, the advantage naturally favors one side.
It’s no surprise that people try to time the market for when conditions will best support their goals. The truth is, perfectly timing the market isn’t possible… unless someone happens to own a crystal ball!
One of the most common questions we hear is, “How’s the market?” quickly followed by, “When will it change?”
While professionals analyze data and trends to provide guidance, no one can predict the exact moment the market will shift. Unexpected events including economic changes to global headlines, can influence conditions at any time.
The takeaway? Market predictions aren’t guarantees. There is always an opportunity to buy, sell, or invest in real estate. If your current life situation is inviting a move, then NOW is the right time. You just need to stay flexible and ready to adjust as the market evolves.
3 Tips for Those Ready to Make a Move
If you’re considering buying or selling a home, taking a few proactive steps now can help you feel confident and prepared. Whether you’re a buyer or a seller, these three actions are a smart place to start.
1. Connect with your lender
Understanding your financial position is essential. Buyers should take time to clarify their budget, monthly comfort range, and the true cost of homeownership. Sellers should reach out to their current loan provider to confirm their payoff amount, allowing them to make informed decisions as they plan their next move.
2. Build your savings
Real estate transactions often come with additional costs that can catch people off guard. Beyond closing costs (broker fees, title fees, lender fees, taxes, and utility prorations), there may also be repair expenses. Items can surface during inspections, municipal requirements, or appraisals that need to be addressed before closing. Having extra funds set aside provides peace of mind and flexibility throughout the process.
3. Research and educate yourself on current market trends
The real estate market is constantly evolving. If it’s been five, ten, or more years since your last transaction, it’s important to reset expectations. Supply and demand shift, mortgage rates fluctuate, laws and negotiation strategies change, and technology continues to reshape the experience. Connecting with a knowledgeable real estate agent can help you understand today’s market, clarify your goals, and give you the tools and guidance needed to move forward with confidence.
Ready to take the next step? A conversation today can make all the difference tomorrow.