Buying a house is an important decision that is made even more complicated today by high mortgage interest rateseven higher real estate prices and limited stock.
One factor that potential homebuyers should consider when searching is the timing of a possible purchaseThere are some periods of the year when you higher probability of getting a good price for your new home.
What are the best months of the year to buy a home?
Now that summer is coming to an end, you may be feeling a little sad, but if you’re looking to buy a home, there’s something to look forward to. According to real estate experts Autumn and early winter are the best times to buy a home.
According to Realtor.com, the best time to buy a home is Beginning of October. Early autumn usually signals more real estate offers and lower buyer demandThese conditions lead to a lower price.
ALSO READ: New Jersey commuters receive free transportation
ALSO READ: Experts warn that Trump’s plan will accelerate the insolvency of Social Security and Medicare
ATTOM Data Solutions, a provider of nationwide real estate data, analyzed nearly 40 million single-family home and condo sales between 2013 and 2021 and came to a similar conclusionTheir study also found that buyers in general negotiated the best prices in October.
Winter also offers opportunities for buying a home, as it fewer people who want to buyHowever, potential sellers can also keep an eye out for other apartment seekers who may be waiting for warmer weather before starting their home search.
Spring is usually the most expensive season for home buyers. Although this is a good time for offers, there are also more people looking for a home, overcrowd the buyer’s market.
