Wednesday, January 2, 2013

Tips to Prepare for Buying a Lexington Home in 2013!

We’ve entered into the new year and I hope yours is off to a great start!  As a Lexington Real Estate agent, my goal is to help guide you through the home buying or selling process and to ensure you’ve got all the up to the minute market information you need!

Recently, MoneyCNN reported on the S&P/Chase-Shiller index noting that home prices posted the largest percentage gain in more than two years, with prices up 4.3% in October compared to last year.  These trends are expected to continue with other factors playing into the housing market boost.  Things such as a five year low in foreclosures, lower unemployment and the still low mortgage rates will result in more active buyers.  This, in turn, will drive up home prices.

Lawrence Yun, the National Association of Realtors chief economist commented on the recovering market for 2013 by adding that "sellers will smile more, and buyers will need a more concentrated focus.”  Buyers will find greater competition and will need to act quickly when they find a home they like.  

If you’re considering buying a home in Lexington in 2013, beginning your search early on in the year will help ensure you’re cashing in on the still low home prices.  You’ll also be jumping ahead of the busier spring market and competing buyers.  Here are just a few things you’ll want to do to prepare for buying a home in the new year.

1. Get Your Financials in Order- You don’t want to wait until you find your dream home in Lexington MA to start getting your financials together.  Meet now with your lender, know your credit score and determine your home buying budget and down payment.

2.  Begin Your Search Online- If you’re new to the area or are relocating to Lexington,  starting your Lexington home search online can help give you an idea of the types of homes available in Lexington

3.  Find an Experienced Lexington Real Estate Agent- Having an experienced Lexington Real Estate agent by your side will ensure you receive the best service possible.  You want someone who knows the ins and outs of the market and can guide you with the advice needed for navigating through the home buying process.

Of course, if you have questions about buying a Lexington home or would like to know more about the current Lexington Real Estate market; please feel free to contact me!  I would be happy to answer your questions and help guide you in your real estate goals!

I look forward to working with you this year!

Theresa D'Antuono

1 comment:

  1. Great post!
    One can also hire real estate agents that will help you to find new house.
    Real Estate Norwalk