Did you know that a whopping 5.6 million homes were sold this past year in the USA? Real estate sales have heated up, creating a seller’s market that doesn’t make it easy to buy a property. Potential buyers are getting competitive and trying to find an edge to beat out other buyers.
Have you started your own real estate journey? When it comes to buying a home, there are a couple of things you need to understand before diving in. One of the key things to know is when the best time of year to buy a house is, so check out this handy guide on the subject first.
The Best Time of Year To Buy a House
If you were wondering when to buy a house, it depends on many factors. Spring and early summer have the most inventory on the market, but it is also the most competitive time to purchase a home. Late fall and winter have less housing stock available, but it might be easier to find a deal then.
Location Matters
Another thing to consider is the geographical location of your new potential home and the market there. While things may slow down in the northeast during the wintertime because of snow and bad weather, the market in the south is almost year-round and could get even stronger as snowbirds arrive looking to purchase a property. And on the flip side, the market in warm climates slows down during the dog days of summer since few people want to go looking at houses in that extreme heat.
Home Buying Tips
One of the most important tips when buying a home is to get pre-approved for a mortgage before you start looking. This will make you more competitive if you already have your financing in place. And when you do find your dream home, don’t skip the inspection–it could save you a lot of time and money in the long run if the inspection uncovers issues.
Get Professional Help
When looking for a home, it’s important to get the help of a qualified industry professional. A licensed real estate broker can guide you through the home buying process and advise you on the best time of year to buy in your area. Reach out to a company like Top Guns Realty for assistance.
Ready To Buy a House?
Now that you’ve learned the best time of year to buy a house, you can plan when to start your homeownership journey. While it may less competitive to find and purchase a home in the winter, spring and summer offer more inventory and more competition. So remember, the best time of year is the one that works for you and your personal moving needs!
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