Best Time of Year to Buy A House
Are you looking for the best time of year to buy a house?
Click to watch the video or keep reading for all the details.
Many homebuyers are concerned about when is the best time to buy. Whether it's they're looking for a good deal, is it the right timing.... there are all sorts of other factors that come into play and everyone's situation is unique.
Are you a family and you don't want to pull your kids out of school? Maybe the Summer would be the best time... Are you an investor? There's going to be different factors involved there... maybe it's the seasons you're worried about? But ultimately it comes down to, for most homebuyers, when is the best time to buy so they can save the most amount of money. And because there's so many different factors and everything is gonna be unique for your situation, I'm here to simply talk about the best time of year to buy a house.
Historically speaking, Spring is the busiest time in real estate but, this doesn't necessarily make it the best time to buy a house.
in the Summer we see a little bit of a lull as people have already been settled or they got their place in the Spring and now they're enjoying the Summer vacation. In the Fall we see another surge as people come back and realize, holy smokes we need a place before the snow hits!
So, of course, there's a little bit of a wind-down during the winter months but, in fact, one of the best times to buy and why I'm putting this video out so close to the holidays is the Winter Market. I understand there is a lot going on during the holiday season with celebrations and family and events and all sorts of things which is why many people put off buying until the Spring.
However, the things to keep in mind are that any sellers trying to sell their house during the winter months are probably, more often than not, super-serious motivated sellers or else they would simply wait till the spring as a new influx of buyers come to hit the market to compete against each other.
Another thing to keep in mind is the bad weather may actually help you make a decision. Now, I totally get that being out in the cold stormy weather is absolutely no fun but it may be one of the best
times to actually go and look at a house, that way you can see what it's capable of in the worst conditions.
Think of it like test driving in a car. Every car when you take it on the road during a nice summer day with blue skies and dry roads is gonna drive nicely. And that's when most people are test driving cars because it's convenient for them. The weather is nice and it's good to be out, however, a car will show its true colours on the worst of days when it's rainy, snowy, and icy.
Similar to a house, when it's bright and clean and shiny and the warm weather is out, any house is gonna look great. When winter hits with the snow and the ice that is when the true colours will shine. How are the windows? How's the heating system? Are we losing the warm air from anywhere? Is that going to mess with the efficiency of the furnace? Those are the true colours that you want to see.
And there you have it, seasonally speaking one of the best times of the year to buy a house would be during the winter months. There's less competition amongst buyers, the sellers that are listed are going to be more serious than those just "testing the market" during the spring. The winter is one of the most critical times as a homeowner because the winter months can do a lot of damage to a property if it's not maintained properly. So by looking at homes in the winter in the storms with the ice and the snow and everything, yes it sucks, it's not fun but you'll get an overview of the house when
it is most crucial to have everything intact and most efficient as possible.
By having all of these details and coming up with a strategy for my home buyers is how I get them Home By Dinner.