Setting Yourself Up to Buy or Sell Your Home in 2017

So far, 2017 has been an interesting year. For the first time in history, we have a president who is not a career politician nor is he a career military man. To some Americans, this is a step in the right direction, and for others, it gives them reason to pause. Now, as you know, this is not a political blog. But, with a new president in office, many Americans are wondering what policies are going to change…especially those related to real estate.

As an experienced real estate guru, I’m a firm believer in moving forward with your dreams, no matter what. And since there’s no time like the present, I believe now is the perfect time for you to consider what your home needs are. So, are you a buyer or a seller? Read the tips below and plan your strategy for scoring big in the housing market in 2017.

Watching the market

From the Buyer’s side

If you are thinking about buying in 2017, your first step is to get an idea of what the market will do this year. Now, I don’t have a crystal ball, but I can give you a few key facts that I’ve learned over the years.

Home buying may vary from location to location, but there are peak times to consider. If you live in a hot climate, you might want to start planning your search during cooler months. Also consider other times throughout the year when home purchasing might be ideal. For example, summer might work if you have children who are in school.


If the market favors buyers, you’ll have many choices. However, if the market favors sellers, you need to do your homework. But why leave it up to chance? Consider tipping the odds in your favor by improving your financial situation. Paying off debt (if you have it) and saving up for a bigger down payment can help you in the long run.

From the Seller’s side

If you’re a smart seller, you’re gonna start watching the markets early. This is a really good idea. But don’t forget to spruce up your home. Are there any upgrades or repairs you have been putting off? Get them done as soon as possible! Don’t wait until the market is in your favor to start prepping for a possible sale.

Interest rates

From the Buyer’s side

Interest rates are on the rise, but that doesn’t mean you should panic. Believe it or not, you have more control over your rate than you might think. The best rates go to those who prepare. Remember how I mentioned planning ahead financially? Well, interest rates may be set by the Feds, but you can still get a good rate if you have a good financial history. Now that you’ve got your mind set on cutting down on debt and saving up for a good down payment, consider shopping around for the best rate. Make sure your mortgage company does their very best to get you a great offer.

don't panic

From the Seller’s side

Increasing interest rates means it’s time for you to refinance, now! If you read last month’s article, you learned the most ideal time to get the best rates is at the beginning of the year. Well, February is better than March and so on. The longer you wait, the less money you’ll save.

Why would you want to refinance your home before selling it? It’s simple…extra money. Refinancing your current home can give you that opportunity to reinvest back into your pocket by making upgrades or improvements. The more attractive your home is, the more likely you’ll receive your selling price.

Consider Pre-approval

From the Buyer’s side

Before you hop in the car to go house-hunting, you should consider knowing what you qualify for. By doing the pre-approval process, you’ll be able to target the homes in your price range or negotiate for the homes that are slightly over budget. Not to mention, if there’s a bidding war, you’ll be able to show the seller that you can pay which could be a leg above your competition.


From the Seller’s side

You may think pre-approval doesn’t benefit you, but it does. The best way to narrow down your list of buyers is by knowing what they can afford. Plus, unless you plan on buying your next home with cash, you’ll want to get ready for the buying process yourself. Go the extra mile and make sure your home is in tip-top shape, your finances are attractive, and you have a plan for getting the best payment and rate possible.

No matter what side you’re on, Codemark Financial is here to help.

Contact us online, call us at (832) 677-7678 or email us at and we’ll help you reach your goals in 2017!

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