Most folks know that generally speaking, the best time to buy a house is in late summer or early fall. Most sellers want to move before it gets cold, and parents want to sell before school starts. It is the time of the year where shoppers will find more homes on the market, but will also face much more competition due to the increased number of buyers probably looking for the same thing you are. Whereas, the end of summer might bring you discounts from those sellers who could not sell in the spring or summer months. You could find a higher chance of striking a bargain.
The best time to buy a home really depends on what you’re looking for.
You have to ask yourself, ‘Am I looking for the best and widest selection of homes to find my perfect dream home, or am I looking to get most of the options in a house and for the best bargain?’
The bottom line is... If you’re looking for lower prices, buy in late fall or early winter. There may be fewer choices, but fewer prospective buyers are looking at that time.
If you are looking for the most extensive selection of homes, buy in late summer or early fall. You’ll be faced with more competition but may have a better chance of finding a home that meets all of your specifications.
Whether you’re shopping for your first home or your tenth, you will surely have a lot of questions. It’s easy to get swept up in the whirlwind of home shopping and make some common mistakes that could leave you with buyer’s remorse later. Knowledge is power, so don’t be afraid to ask questions until you understand.
Be sure you have an experienced real estate agent by your side to make the home buying process go more smoothly and provide valuable insight into what’s likely one of the most significant purchases of your life.