Buying a house is one of the biggest decisions you’ll ever make in your life, and you don’t want to go into it unprepared. Knowing what you’re looking for and what’s most important to you can make this often stressful process much easier. Get a sense of the Suffolk real estate market and surrounding areas by researching community information (crime rates, property taxes, flood zones, and school ratings, etc.) Knowing your price range and anticipating future needs (growing family or downsizing, for instance) can make a huge difference in how much you invest now and can possibly sell for later. Work with a mortgage broker to have your preapproval, price range, and down payment ready, so you’ll be prepared to make an offer in this competitive market.
Not sure if it is good time for you to buy or sell? An experienced REALTOR® from Chorey & Associates Realty, Ltd. can tell you whether Suffolk real estate is a buyer or seller’s market right now. A buyer’s market is when available properties exceed the number of buyers. That offers you (as a buyer) more leverage and flexibility in negotiations, like requesting upgrades as part of the contract. Currently, in March of 2021, we are seeing a seller’s market scenario, where the available inventory does not meet the demand. Considering a move this spring? You’re in luck! Our team of professionals is here to help you every step of the way.