Finally, Spring is here. You have waited patiently through the Winter to buy your dream home. When is the best time to buy?
Christmas day and Easter?
One source declares that these two holidays are the very best days to buy a home. Their reasoning is that if you submit an offer on either of these days there will be little or no competition. If you wait until after the holidays, the offers roll in like crazy. We all know that Spring, and especially April is the best time to sell your home. But really, when is the best time to buy, assuming that you are not interested in making an offer on either of the two largest holidays in the year?
Ok, when really is the best time to buy a home?
We told you in an earlier post that the best time to sell your house is in Spring, however, it may not be the best time to buy. People are re-listing their homes if they have taken them off the market for the Winter. People who have waited for better weather are ready to buy. Inventory is big and buyers abound. These are a few of the drawbacks of buying a home in Spring. Perhaps you have a family with school-aged children. Spring and Summer are the best times of year to purchase your new home in that case, so that your children can start the new school year after the move and not have their schooling disrupted. Fall and Winter fewer houses are listed, but fewer people are looking to purchase. The focus is on the holidays, and not on home buying. If however, someone needs a home and is looking in the Fall or Winter, they probably really need to find somewhere to live then. The ones who actually look during those months are serious buyers.
In conclusion, the best time to buy a new house is whenever you find the property that meets your needs.