Why Buy a Home at This Time of Year?
- Less Competition
Most people think of spring and summer as the best time to buy or sell a home. They want to get children settled before school, move when it's warm. This means more competition in the market. When you buy a house at this time of year, you take advantage of a natural lull in the market. People are busy doing other things so there are fewer Buyers.
- Motivated Sellers
The Sellers who have decided to continue to market their homes at this time of year are serious about selling. They know there are fewer people looking so this turns you into a Buyer with an edge.
- Possible Mortgage Deals
A drop in demand for mortgages may result in more competition for your business and you may get better rates or terms.
- Easier (and perhaps faster) Closing
Again, because there are fewer deals being done, everyone is less busy so things can happen quicker. Lawyers, lenders, home inspectors all have a little more time to put towards your deal.
- Enjoy Your Summer
By buying now, you can enjoy your summer rather than being overwhelmed with buying a house and moving when you should be enjoying the summer vacation!