What is the Best Time to Buy a House?
What Is the Best Time to Buy a House?
Although the best time to buy a house is when you’re ready both financially and emotionally, there are other factors that can help you decide when to buy a house. By timing your purchase just right, you can nab a great home that’s just right for you.
What Is the Best Month to Buy a House?
There’s no such thing as a guaranteed “best month” to purchase a home. While some conventional wisdom says there is a best time of year to buy a house — during spring home buying season (April to June) — there are pluses and minuses when it comes to what month you choose to purchase a home. We’ve outlined some of the reasons different months can turn out to be the best time to buy a house for you:
January to March
Winter isn’t such a bad time to buy a house. Though there’s less inventory, meaning there are fewer homes for sale. There are fewer home buyers too, so you have less competition. Home prices are typically the lowest they’ll be all year.
April to June
Welcome to spring home buying season — the peak months for not only housing supply, but also the number of home buyers shopping for houses.
July to September
If you can handle the heat, summer may be the one of the best times of the year to buy. Now that the spring home buying craze is over, most home prices return to normal, allowing you to save some money.
October to December
The main downside of buying a house in autumn is that there may not be as many homes for sale in the fall as there are in the spring. But it’s not like the market goes completely quiet. Many home buyers consider fall the best time of year to buy a house because of price reductions.
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