Tips for NAVIGATING THIS HOUSING MARKET

As we approach spring 2023, the real estate market is beginning to stir from a slumber that began in the summer of 2022. Although this is a typical seasonal pattern, mortgage rates are also starting to gradually climb back into the 5% range. However, there are indications that rates could potentially drop even further, possibly dipping into the high 4% range. As you navigate through the dynamic real estate market, it’s crucial for your unique needs, objectives, and timeline to be carefully considered and addressed.

My top recommendation is to hire a full-time local real estate expert who possesses a deep understanding of the market and can create a personalized plan that caters to your unique circumstances. If you are selling your property, it’s essential to scrutinize the REALTOR®’s past listings’, their marketing strategies, services, and also request their specific strategy for selling your home. For buyers, it’s crucial to engage a real estate agent who actively listens to what you want, has established connections with reputable lenders, title companies, and vendors with a proven track record of working hard for others.

“Ben and Elite Realty Partners were professional, attentive and knowledgeable on current market trends. Their work on getting our house ready for sale was outstanding and first class. He was always available and kept us informed of the negotiations with potential buyers. I would highly recommend him.”

MANNY F., BONNERS FERRY

“Ben was wonderful and attentive to helping us sell our house. Knowledgeable and committed to doing the very best at marketing and preparing the sales process. Can’t say enough about how fortunate we were to have him lead our sale.”

JOHN D., SANDPOINT

way. Vertical tool racks are also an easy way to keep your rakes, shovels and brooms upright, taking up as little space as possible. You’ll be amazed at how much space you’ll save by putting in a wall-mounted bike rack, and the tried-and-true peg board is an easy place to store and see small tools. Finally, tuck away kid toys, decorations, seasonal goods, camping equipment, etc. in large plastic tubs and place them on your shelving. Just be sure to label each.

While an entire home exterior paint job might be out of the budget, a few simple upgrades can also freshen up your home’s curbside appearance. Start with a new mailbox, something that speaks to your personality. Next, try updating your address numbers to something more modern. While you are at it, paint or stain the front door. Finally, take your porch or garage lights to the next level with LED lighting, which can change colors dependent on your mood or the season with a simple swipe of your phone.

While there is seemingly always some improvement we can make to our living spaces, summer is not the time to get bogged down with a month’s long project. Give your home a small refresh this spring, and you’ll be ready for an even more enjoyable summer.