What to Do NOW If You’re Thinking of Buying or Selling a Home in 2025

As we move through 2024, it’s a great time to start planning for a home purchase or sale in 2025. Whether you’re a first-time buyer, an experienced homeowner, or someone considering selling for the first time in years, there are several steps that you can take today to set yourself up for success. The Gubb Team has compiled a list of what you should be doing right now to make the buying or selling process smoother and more successful when 2025 rolls around.

BUYERS AND SELLERS:

Understand the Market Outlook

While no one can predict exactly what the buying or selling housing market will look like in 2025, there are trends and factors we can analyze to make educated guesses.

Interest Rates

High interest rates have impacted affordability, but many experts believe rates could begin to stabilize or even drop in the next couple of years, which would open up more opportunities for buyers. Keep up to date with websites like this one, and discuss these changes with your Gubb Team realtor.

Home Prices

Home prices have been rising steadily in many markets due to inventory shortages. In 2025, Ridgewood and Glen Rock could remain competitive, but your agent should be able to guide you through the negotiation process.

Inventory Levels

Low inventory means more competition, which has made it difficult for buyers to find homes. If inventory increases in the coming years, more options may become available. If you’re a seller, that could mean more competition, so timing your sale will be key.

Stay Informed

Finally, staying informed about the real estate market over the next year is essential for making well-informed decisions. Gubb Team agents pride themselves on going above and beyond, staying up to date on market trends and inventory. Stay tuned to our website and our social media pages for updated listings, information, and trends.

BUYERS

Start Saving for a Down Payment (If You Haven’t Already)

Whether you’re a first-time buyer or moving to a new home, saving for a down payment is one of the most important steps in the home buying process. The earlier you start, the better.

Get Pre-Approved for a Mortgage

We work with wonderful mortgage lenders, and getting pre-approved for a mortgage now (even before you start house hunting) can save you time and headaches in the future because you’ll know what you can afford, you can stay ahead of the competition, and you can better understand your loan options.

SELLERS:

Prepare Your Home

If you’re thinking about selling your home in 2025, now is the time to get your house in shape. The earlier you start, the more time you’ll have to make improvements and maximize your sale price. Declutter, plan a yard sale, and make a plan for moving.

Begin Home Maintenance

Tackle any overdue repairs or maintenance. Small fixes (like leaky faucets or a fresh coat of paint) can make a big difference in how your home is perceived by potential buyers.

Consider Home Staging

Staging MATTERS! Our Gubb Team clients enjoy complimentary staging services using our vast inventory of furniture, decor, and vendors. We even use virtual staging for certain spaces so buyers can truly picture themselves in your home. Staging helps sell homes faster and for top dollar. For more about the Gubb Team staging process and to see some of our transformations, click here: Gubb Team Staging

Get Started with a Gubb Team Realtor

Contact The Gubb Team today to start making a successful plan for buying or selling that works for you. Our process is proven and seamless – for more on our client testimonials, click here: Gubb Team Selling Process

The Gubb Team