As 2016 ends, and we begin 2017, whats in store for real estate?

    As we reach the end of 2016, and the beginning of 2017, what can we expect the real estate market to do? Everything I see says BOOM! The economy is projected to grow at rates not seen in the past few years. All sounds good, but still, what does all this mean? In Florida, the first 3 months of the year are always the busiest for real estate transactions. If inventory dips to a low level, the home prices well increase in value. As home prices go up, your buying power goes down, unless your income can keep up with the housing industry. So, how can you protect yourself from this increase in prices? If you are in the market to buy a home, do it as early in the year as possible, and if you see a home that your can comfortable call home, don’t hesitate to make an offer, or someone else will beat you to the paperwork. Also, trust your realtor. If you are told that this home wont last long, he or she is probably right. We see so many homes in our career, that we know the bargains when we see them, and it’s NOT a sales pitch. Also, if you find that deal, be willing to offer asking price, or above. This is another suggestion from Realtors that many buyers ignore, only to loose that home to someone else. Lastly, make sure you are pre qualified for the mortgage before you start shopping. If not, this will delay your ability to make an offer because most sellers will want to see a letter of qualification from your lender presented with the offer.
    We at Remax Select Professionals have the experience to take care of all your real estate needs. Don’t hesitate to contact us as soon as you are considering buying, so we can start preparing an action plan for you.
    Best wishes for the New Year, and happy home shopping.

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