Written by: Coral Gables Real Estate

Downtime Can Have An Upside in Real Estate Planning.

If you are like most, quarantining at home has given you ample time to think of what works and doesn’t work in your home. Does it need a new kitchen or backyard makeover? Have you outgrown the home entirely? Is it time for a change?

While we don’t have a crystal ball to foretell the near future, I feel confident saying that the South Florida real estate market will weather this storm. I might even endeavor to say, once this over there will be pent up demand for housing.

If you are considering a change in dwelling, this time can play to your advantage.

Thinking of buying in the next three to six months? Here are tips to best position yourself for quick action.

  1. Speak to a mortgage broker and set a realistic budget amount.
  2. Educate yourself in things like net branches, lenders, fixer-uppers, auctions, etc. so you have all the knowledge you need to make a good decision.
  3. Begin gathering the many documents the process requires.
  4. Make a wish list of must haves for your next home.
  5. Contact a highly recommended Realtor that is an expert in the neighborhood you’re interested in.
  6. Peruse homes online and attend virtual tours. Share your likes and dislikes with your Realtor.

These five steps will position you to emerge more prepared when you are ready to find your next home.

  1. If you are considering selling, you too can maximize your time.
  2. Speak to a Realtor who excels in your area to better understand the market.
  3. Begin decluttering and storing unnecessary items.
  4. Tackle the small projects: patch walls, paint baseboards and trim, fix leaky faucets with the right Plumbing Services in your area.
  5. Focus on landscaping. Curb appeal is vital.

Some of us are fortunate and content in our present homes – although most of us would like to tweak a thing or two. We have all been forced to focus on what our priorities are both in the physical sense (a bigger yard, a more functional kitchen, more space for family game night) and in the abstract sense (sunshine, time with family, our health). I think we’d agree that home has emerged as our sanctuary during these challenging times. When this all subsides, I truly believe we will redefine the meaning of home and revere the four walls we inhabit as the important backdrop where we make the most enduring of memories.

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Tags: , , , Last modified: May 4, 2020