3 Keys To Hitting Your Homeownership Goals in 2024
If buying or selling a home is your goal for 2024, it’s important to understand today’s housing market, know your why, and work with industry experts to bring your homeownership vision for the new year into focus.
Over the last year, the economy had a big impact on the housing market, and likely on your wallet too. That’s why it’s critical to have a clear picture of not just the market today, but also on what you want out of it when you buy or sell a home. Danielle Hale, Chief Economist at Realtor.com, explains:
“The key to making a good decision in this challenging housing market is to be laser focused on what you need now and in the years ahead, so that you can stay in your home long enough that buying is a sound financial decision.”
Here are a few things to think through as you define your goals for 2024.
1. Know Your Why
You’re dreaming about making a move for a reason – what is it? No matter what’s happening in the market, there are still many compelling reasons to buy a home today. Your needs may have changed in a way your current house can’t address, or you could be ready to step into homeownership for the first time. Use your why and your motivation as a guidepost in partnership with an expert advisor to make sure your move gives you a lasting sense of accomplishment.
2. Figure Out What Your Next Home Needs To Look Like
You know you want to move, but how would you describe your dream home? The number of homes for sale has grown recently, and that could mean more options to choose from when you buy. But overall housing supply is still lower than more normal years in the market, so you’ll have to work closely with a pro to find what you’re looking for. Just be sure to keep your budget in mind as you balance your wants and needs. The better you understand what’s essential and where you can be flexible, the easier it will be to find a home that’s right for you.
3. Determine if You’re Ready To Buy
Getting clear on your budget and available savings is essential before you get too far into the process. Partnering with a local agent and a lender early is the best way to make sure you’re in a good position to buy. This could include planning how much to save for a down payment, getting pre-approved for a home loan, and assessing your current home equity if you’re selling your existing house.
A Professional Will Guide You Through Every Step of the Process
Buying or selling a home takes expertise to navigate. If that feels a bit overwhelming, that’s normal. Don’t let uncertainty hold you back from your goals this year. A trusted expert will help you bridge that gap and give you the facts and advice you need about today’s housing market.
In conclusion, achieving your home buying or selling goals in 2024 requires a strategic approach and the right team by your side. The ever-evolving housing market demands a clear vision and a deep understanding of your objectives. As you embark on this journey, remember the wise words of Danielle Hale, Chief Economist at Realtor.com, emphasizing the importance of staying focused on your needs and future financial well-being.
If Telluride real estate is in your sights, partnering with experts like Anne-Britt Ostlund and the dedicated team at Mountain Rose Realty ensures you have the guidance and support needed for success. Whether you are contemplating Telluride homes for sale or envisioning a strategic sale in Telluride, CO, having a seasoned professional in your corner is crucial.
As you define your goals for 2024, consider your motivations – your "why." Is it a change in lifestyle, an upgrade, or perhaps entering the realm of homeownership for the first time? Your unique aspirations should serve as a compass, guiding your decisions in collaboration with a trusted advisor.
With an expanding inventory of homes for sale in Telluride, your dream home may be within reach. Working closely with an experienced real estate agent ensures you navigate the current market dynamics successfully. Be mindful of your budget while balancing your desires, making it easier to discover a home that perfectly aligns with your vision.
Before you take the plunge, assess your readiness to buy. Partnering with a local agent and securing pre-approval for a home loan will put you in a favorable position. Whether saving for a down payment or evaluating your current home equity, these steps ensure a seamless and informed process.
Remember, the journey of buying or selling a home can be intricate, but you don't have to navigate it alone. A professional from Mountain Rose Realty, well-versed in Telluride real estate, will guide you through every step of the process. Let their expertise bridge the gap, providing you with the facts and advice needed to thrive in today's housing market.
In 2024, don't let uncertainty hinder your homeownership goals. Work with a local real estate agent, assemble a team of industry professionals, and embark on this journey with confidence. With Mountain Rose Realty and Anne-Britt Ostlund by your side, your dream home in Telluride is closer than you think.