I think most of us know by now that the best time to sell a house is in the spring. But, when is the best season to buy? You might be surprised to discover these 3 weeks are the best time to make a new home purchase and one is right around the corner!
- October 3-9 – Thanks to the market settling out a bit, homebuyers can see some much-needed price adjustments as the fall buying season gets going. “Based on four years of listing data, realtor.com says that the week of October 3-9 is the “sweet spot” for buyers looking for the perfect abode at a reasonable price.” shared Marion McPherson. Buyers can take advantage of families with kids back in school, which makes moving less desirable. This means more housing inventory and leverage to negotiate.
- Christmas – Yes, trust us…Sounds a bit crazy to buy a house over Christmas break but that’s exactly what makes this a great time to buy. There will be less on the market for you to choose from but there will also be less buyers looking which makes it a perfect season to get a good deal if there are enough good homes for sale.
- End of August – Many would-be buyers are finishing off final summer vacations and getting ready for school the last few weeks of August. By this point they have given up on trying to close in time to be in for the new school year and are distracted by life’s obligations decreasing buyer competition. However, homes that haven’t sold over the summer may be more motivated to close the deal, tipping the scales in favor of buyers.