Knowing when is the best time to buy a house is tricky, and considering that your finances are in order it all depends on your priorities. Determining the best time to jump into homeownership means understanding the pros and cons of buying a house at different times – and deciding when it’s best for you. That’s why in this blog, we will discuss the most popular seasons in the. You can find houses during all seasons
SPRING: THE MOST INVINTORY
The beautiful spring season marks the end of the harsh winter and real estate brokers are able to take great exterior pictures of the properties they have for sale; it is also more convenient for parents to sell their house and move into a new one before the new school year starts.
The spring season often has the most inventory of homes. Which makes the possibility of finding the perfect home you have been waiting much higher. Keep in mind that the top properties are going to quickly have many offers, which means the buyers should be prequalified and ready to make a competitive offer.
Fall & WINTER: BRINGS THE BEST DEALS
Late fall and winter are an off-season for real estate markets, it has the lowest activity and less buyers on the market, which means that buyers won’t have to worry as much about another buyer making an offer that is higher. You also have the opportunity to negotiate the asking price especially those homes that haven’t sold during the spring and summer season, on the downside the inventory is usually much lower than the spring season which makes it more challenging to find the perfect property that has all the features you want and located in the area of your choice.
Buying a house is a big commitment, and timing your purchase is important. Each season brings with it both positive and negative factors when shopping for a home, including inventory, competition and prices. Ultimately, though, the best time to buy a house and get a mortgage comes down to your own readiness, financial situation and otherwise. You’ll want to make sure your credit is in good shape and your debt is under control before buying a house. You’ll also want to feel secure in your employment.
If you plan to buy and live in the property for many years than the season wont matter as much since home values have historically always gone up over-time, and therefore as the saying goes “Don’t wait to buy real estate. Buy real estate and wait.
If you have questions contact us today our agency is ready to help you.