The best time to buy a house
Autumn and winter are generally the best seasons to buy a house across all regions in the US. As the holiday season picks up, buyers and sellers are making plans and celebrating with family. In areas affected by the cold weather, this trend maybe more pronounced. As a result, people who are in the market to purchase homes are focused on other things, so there’s often less competition at this time of year.
Prices may also be lower in winter. In January and February, houses typically cost 8.45% less than they do in June and August, according to a study from NerdWallet. Sellers are often encouraged to wait until spring to list their homes, and those who keep their properties on the market through fall and winter may be more willing to negotiate a deal.
Conduct your own local research
It’s important to remember that real estate markets vary, so the best time to buy a house in your area may differ from overall national trends. It’s best to ask local realtors to determine if your target market fits general patterns or if there’s something unusual about it.
Research pricing trends
Home buying requires work and that includes developing a sound understanding of pricing trends. Such information can increase the likelihood that you find the right house at an affordable price. Visit real estate websites to look at a variety of trend statistics to get a feel for the market in the area where you’re thinking of purchasing.