This time of year you may be counting calories, counting your pennies, or counting your blessings in an effort to meet your resolution goals.
Good for you, and don’t give up!
This year, I propose that you consider adding a Real Estate Resolution to your git-r-done list. 2013 can be a year of positive action for you, whether you plan to buy, sell, rent, or stay put. Here are some steps you can take to make this a great year for your Real Estate portfolio & planning.
1. Get a Current Market Analysis (CMA) from an experienced Realtor.
Knowing the value of your home in today’s market can help you with big decisions: Should you refinance? Sell? Take out a home improvement loan for a dream deck? Starting with a CMA helps you make an informed decision. ***A CMA is also an important step in contesting your property taxes if last year’s tax valuation was too high. Let’s talk!
2. Start saving for a 2013 home improvement project.
3. Make headway on your existing 2nd mortgage.
Already have a HELOC (home equity line of credit) or other 2nd lien on your home? Maybe 2013 is the time to pay down that existing debt while interest rates are still low. Start small – pay an extra 1, 2 or 3% on your loan each month. Increase that payment a little at a time and soon you’ll start to see the balance shrink.
4. Consider refinancing your home loan.
Are you paying a variable rate via an ARM (adjustable rate mortgage) or paying higher interest on your home loan than your neighbor? If your credit merits, talk to a licensed mortgage professional about refinancing your home loan to a fixed rate mortgage or a better rate on your loan. Talk to me – I am happy to refer you to my trusted network of professionals.
5. Make sure you aren’t missing out on valuable home insurance discounts.
Did you make major repairs or improvements to your home last year? If you fixed your roof, added a deck, bought new windows or replaced old plumbing, talk to your insurance rep. You may be able to score a discount or lower quote on this year’s premiums based on these upgrades.
Cheers, and happy new year to you and yours! If I can be of service in any way, call or drop a line. I look forward to hearing from you.