What to Expect From Real Estate in 2017

Deja Lett Team Real Estate Podcast

Welcome to the 2017 real estate market. I have a few tips for buyers and sellers this year, as well as a small favor to ask.

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Happy New Year and welcome to 2017!

First, I want to thank you all for an amazing 2016. We were able to help 145 people achieve their real estate goals. We are so grateful to our clients, friends, and family members and all of the support you gave our business in 2016.

As we look ahead to the 2017 real estate market, I have a few tips for buyers and sellers.

If you are a buyer, keep in mind that inventory is still low. However, interest rates have gone up. If you were pre-approved in the past few months, you should check in with your lender to see what your current rate is and how that increase has affected your purchasing power.

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Rising interest rates will affect buyers
and sellers alike.

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If you are a seller, it’s important that you get competitive. I recommend speaking with a knowledgeable, local real estate agent who sells a lot of homes in your area. Keep in mind that rising interest rates will affect you, too. Rising interest rates may push some buyers out of the market, which means there will be a smaller buyer pool out there for your home.

Finally, I have a quick favor to ask. If you have any questions about the real estate market or if there are other real estate topics you would like to learn more about, please send me an email. Ask me a question and I will answer it in my next blog post!

In the meantime, if you have any questions about buying or selling a home, please don’t hesitate to reach out to me. I would be happy to help you!