If buying, selling, renting, or investing is still in your plans as 2023 approaches, here are a few things to take into consideration.
1. Re-group - The uncertainties of the current economy should give those interested in 2023 a chance to regroup and evaluate before diving into 2023 housing market. Interest rates, inflation, and inventory are still key factors to keep in plain sight. Although closings are happening every day, assessing the risk factors and financial exposure will be critical for all.
2. Re-evaluate - For those current investors who have considerable holdings, the end of the fiscal year is an excellent time to re-evaluate the profitability of all holdings. Properties that are putting a strain on cash flow may need to be sold in favor of a better return on investment.
3. Re-imagine - It is time to see "around the corner" with your short-and long term goals. Is it time to re-imagine a stronger financial picture and fine tune the game plan to accomplish it with a refined strategy moving forward into 2023 and beyond.
4. Re-affirm - The game plan is still in play for the future. Adjustments have been made to move into 2023 better prepared for any contingencies that may come along the way. The next step is the first step towards executing - take positive action.
Bottom Line
2023 offers a fresh start on a clean slate. Now is the time to make history.
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