It’s almost the New Year… is it almost time for a new home, too?
If you’re thinking of making your 2019 New Year’s Resolution to sell your current home and/or buy a new one, then we’re here to help you out!
Here are some handy New Year’s real estate tips.
Buyers & Sellers: Always Choose a Hyperlocal Agent
Doesn’t matter if you’re buying or selling, working with an experienced, hyperlocal agent definitely pays off. A local agent will know the current market conditions, even in specific areas and neighborhoods, and will be able to make to-the-minute recommendations and provide expert advice.
Buyers: Keep Your Lenders Local
Real estate in Hawaii is different than anywhere else in America. A local lender not only will be able to provide specific state or city home-buying loan options and programs, they’ll also have a strong grasp on our unique property values and pricing. Mainland lenders often struggle with Hawaii underwriting and property valuation—which could cost you money and even your home if you have to close late due to lender errors.
Sellers: Make Your Home Shine
No matter where you are, it pays to give your home a little love before you list it. Even just a simple deep-clean of your home can make a big difference. Minor repairs and fixes (think: cracks, creaks, drips, and leaks) can help prevent deterring potential buyers. Easy cosmetic improvements can be as simple as repainting or refinishing your floors.
Buyers: Get Preapproved for a Mortgage
Hawaii’s real estate market is pretty aggressive. What that means for you as a buyer is that anything you can do to make yourself a more serious and legitimate buyer in sellers’ eyes gives you a competitive edge over other buyers.
One of the best edges you can gain is mortgage preapproval. Getting preapproved shows sellers that you’ve A. taken the time to speak to lenders (i.e., you’re serious) and B. you qualify for enough loan to cover the price of their home (i.e., you’re legit).
Sellers: Set the Price Right
One of the easiest ways to destroy your home’s chances of selling quickly and at a high price is to set the price wrong. Set the price too high and your home gets overlooked. Set it too low and you’re just throwing money away. Finding that perfect balance is key (and this is definitely where having a hyperlocal agent comes in handy).
Buyers: Make a Plan of Action
Before you even start shopping, know what you want and what your options are. That means reviewing your finances and your budget to find out how much you can actually afford to buy (preapproval helps with this step). Next, you’ll want to determine what you really want and need in a new home (and location). Once you’ve got all that settled, it’s time to start shopping.
Sellers: Make a Plan of Action
If you’re working with the right agent, they’ll likely walk you through this part. Here’s where you decide what needs to be done to your home (do you need to replace all the old carpets??), at what price you’ll list your home (remember, balance!), when you’ll list your home, and how you’ll market your home.
Thinking of Buying or Selling a Home in Honolulu in 2019?
If you’re thinking of buying or selling a home in Honolulu in 2019, then it’s time to contact RE/MAX Honolulu. For our buyers, we’d love to help you explore the area, discover its charming cities and lovely communities, and find the perfect home for sale. For our sellers, we’re here to help you get ready to sell, price your home right, and list with ease.