It’s that time of year! It looks as though Spring is finally here and that means the housing market is about to blossom! The busiest season for home sales begins in May, so it’s time to prepare if you want to buy or sell a home. Here are a few great tips:
Springing into Action for a Home Purchase
Since it’s one of the largest transactions you’ll likely ever make, it’s important to take some important necessary steps.
- Calculate what you can afford. Use a home affordability calculator to make sure you’re ready for the mortgage payments. Find out more information on our website https://www.arlingtonrealtyinc.com/buy/
- Check your credit score, and remedy errors/inaccuracies.
- Save for your down payment. Although there are loans that require no money down, most lenders require five to 20 percent. The larger your down payment, the lower your monthly payments will be.
- Set aside funds for closing costs. Budget for about four percent of the home’s purchase price to cover taxes, fees, and other necessary charges.
- Check to make sure you have appropriate insurance coverage, including life and car insurance.
Blooming into a Prepared Home Seller
Be aware that preparing your home for sale, and maximizing the best purchase price is a process that can at least several weeks, and sometimes months. Follow these suggestions:
- Declutter first. You might want to store excess decorations, furniture, and possessions that may not be needed for the next few months. The less cluttered and crowded your home is, the better it will show. Don’t expect buyers to see past all your ‘stuff’ to the beauty of the home.
- Assess and schedule repairs and updates. This includes roof work, paint, simple updates like fixtures, and landscaping.
- Work with an experienced realtor to determine the best selling price. You should look at comparable homes in your location that have sold within the past few months.
Let the experienced realtors at Arlington Realty, Inc. guide you through the Spring Home Market – we are here to help buyers and sellers with our unmatched dedication and professionalism. Find your agent at https://www.arlingtonrealtyinc.com/agents/