Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years. The Monthly Housing Market Trends Report from realtor.com puts it this way:
“While the number of homes for sale is increasing, it is still 43.2% lower than it was before the pandemic in 2017 to 2019. This means that there are still fewer homes available to buy on a typical day than there were a few years ago.”
The current housing shortage has an impact on how you search for a home this spring. With limited options on the market, buyers who consider what’s a necessity versus what’s a nice-to-have will be more successful in their home search.
The first step? Get pre-approved for a mortgage. Pre-approval helps you better understand what you can borrow for your home loan, and that plays an important role in how you’ll put your list together. After all, you don’t want to fall in love with a home that’s out of reach. Once you have a good grasp on your budget, the best way to prioritize all the features you want and need in a home is to put together a list.
Here’s a great way to think about them before you begin:
Finally, once you’ve created your list and categorized it in a way that works for you, discuss it with your real estate agent. They’ll be able to help you refine the list further, coach you through the best ways to stick to it and find a home in your area that meets your needs.
Prioritizing what you need in a home is a critical first step in the buying process. If you’re ready to find the one that’s best for you, let’s connect.
Selling a house is a significant life event, and getting the best possible price is a top priority. While location plays a major role, the condition and presentation o… Read more
Recipes
From Nelida's Kitchen (Cocina)
As we celebrate Homeownership Month in June, it's important to recognize how owning a home can positively impact not only ourselves but also our furry friends. For pet… Read more
seniors
As older adults age, their need for home care may become greater. Many adult children of aging parents face pressure to take on a caregiver role as their loved one app… Read more
With spring just around the corner, it's fun to start thinking about how you might revitalize your garden once the winter blues have been blown away.
Facing a flooded home can be a daunting experience, but knowing what steps to take can help minimize damage and expedite recovery. Whether it's caused by heavy rains, … Read more
As we brace ourselves for the rainy season, it's essential to equip ourselves with the knowledge and tools needed to navigate through the downpours. With days of rain … Read more
Living in the beautiful region of Southern California comes with its perks—sunny weather, stunning landscapes, and a unique lifestyle. However, maintaining your home i… Read more
Your family is growing, and so are your needs when it comes to finding the perfect home. Whether you're expecting your first child or adding to your brood, finding a s… Read more
Providing clients with ultimate bespoke representation, customized marketing strategy, and a culture built on service. Excelling in exceeding expectations for buyers and sellers.