Buying a home can be exciting, but it also involves strategic planning. Creating a strategic plan can save you time and money in the long run. One of the more impactful factors involves the time of year you buy your home. Below you will find helpful information on the best season to buy a house.
Best Season to Buy a House
Before you consider whether it is the right time to buy a home, it’s important to have all of your ducks in a row. This includes a high credit score and a down payment that is ready to go. Once those financial factors are in place, you’ll want to consider the time of year when you should buy a house. Consider the following benefits of buying in the winter months and summer months.
Buying in the Winter:
The winter months bring the benefit of negotiating power for a couple of reasons. There are often fewer people looking for homes in the winter months which means you will have less competition. Because there are fewer buyers on the market in the winter, sellers are more willing to make you a good deal. Additionally, sellers who list their home in the winter are likely more motivated to sell as compared to the summer months. If you are looking for a bargain, winter is the time to buy your next home.
Buying in the Summer:
Most sellers list their home in the summer which means you will have a variety of options. However, this comes with the drawback of having a lot of competition. If you end up finding your dream home, you should give your best deal upfront as you’ll likely have to fight for it. However, waiting until the end of summer can be more cost-effective if you are open.
If you can maintain patience, it’s strategic to buy a house in August or September. This is right in between the winter and summer months, so you’ll likely have more options with less competition. Sellers who haven’t sold their house in the summer are often eager to sell their home and you’ll get a better price than if you had bought it a month or two earlier. Sellers are also motivated by the tax write-off, so they will want to get their home sold before the end of the year. However, talk with your local real estate agent for information on your area. Each geographic location has its own unique patterns when it comes to buying a home.
Before You Buy
Before you buy a home, the status of your current finances is key. This includes both your credit score and down payment. However, it also includes having your debt under control and reliable income. Ensuring your financial health is in good shape can help you secure a low-interest rate on your mortgage. This is because a mortgage with a high-interest rate may offset the good price you got from strategically planning when to buy your new house. Because buying a house is such a big investment, it’s important to have experienced professionals on your side during the process. Lender negotiation experts can ensure that you are getting the best deal when it comes to your mortgage.
LA Short Sale Realtors at Apex Resolution
The housing market has proven to be unique over the past couple of years. Due to the volatility of the housing market, it’s important to have trusted professionals on your side. Whether you need to purchase a home on a short timeline or sell your home quickly, LA short sale realtors at Apex Resolution can provide you with professional services to ensure you are taken care of. Contact Apex Resolution today as they are a valuable resource for both buyers and sellers!