Welcome to 2015! I know that the deep freeze has many thinking that spring is a long way off, but for West Michigan home buyers and sellers, the spring season begins now.
Why so soon? Well, for homeowners looking to sell, now is the time to get the house ready to put on the market. Make sure those repairs that you've been putting off get completed. Take advantage of your time trapped inside by getting some new paint on the walls and clearing out the clutter. Think about some small updates that could really attract buyers, such as a new tile back splash in the kitchen or replacing that worn carpet in the bedroom. But before you go overboard, talk to a real estate agent. I am happy to do an evaluation of your home to discuss projects that can add value and appeal versus those that might not have much of an impact.
If you are planning on selling, you should be talking with an agent now to find out what your home might be worth. I can prepare a market analysis that shows what similar properties in the area are selling for, based on size, condition and amenities. Before you list your home, there are a few important questions you need to answer. Can you afford to sell your home if you have to payoff your current mortgage? Will the amount of money you make from selling your home be what you need to move into your next home? Having a realistic expectation of your home's value is an important starting point.
Buyers should be starting the process now by talking with potential lenders and figuring out financing. Having a preapproval letter ready to go when you start looking at homes gives you an advantage over other buyers. Believe it or not, so many buyers don't do their homework when it comes to applying for a mortgage. Fix credit blemishes that can affect your score, have money set aside for a down payment and plan for expenses such as home inspections and appraisals. Know what you can afford and be ready to make an offer when you find something you like. I can help you find a home that fits your budget.
I'm looking forward to a great year, hoping you are as well!