I'm Not Always Busy...
... But when I am, it’s because my clients are looking for a home!
Most Realtors would say that the busier home buying season starts at the end of March and lasts through the summer.
Why? Sellers typically do not want to show their homes during the winter due to the weather and the holidays. During this time, buyers do not want to purchase a home due to the school year and their school-aged children. Most families prefer to buy and move before the start of a school year. That makes the March through July time appealing.
Some say buying during the busy season provides you with the largest selection of homes. This is true, though it is important to keep in mind that you will also find more buyers and higher home prices.
For a better deal, you may want to try shopping for a new home from November to January.
Someone marketing their home during the winter is likely to be highly motivated to sell. When this is the case, they are more willing to negotiate, to be more flexible with the terms, and/or to work to accommodate the buyer’s closing needs.
If you are looking to buy a home during the busy season, it is important to be well-prepared. This is a very competitive time! You are competing against other offers. If you want to give the seller a reason to choose your offer over others, you will want to find ways to make the transaction as easy and desirable as possible for the seller. A slightly lower offer often seems more appealing than one that requires the seller to make several repairs prior to closing. They would also prefer that your mortgage is financed (that you have been pre-approved/qualified) ahead of time for a smooth closing.
Here are some tips for buying a home in any season:
- Know your budget.
- Get ahead of the mortgage process by connecting with a great lender and getting pre-approved as soon as possible.
- Pay attention to interest rates. Some borrowers get approved and wait to buy, which risks increases in prices and interest rates. These increases leave some buyers unqualified for purchasing the home they were once qualified for!
- Have your down payment and closing costs saved.
- Know what is it that you are looking for in a home (i.e., location, number of rooms, etc.).
- If you are considering a relocation, visit the neighborhood and see what your potential community is like. Overall, the best time to buy is when you are ready: when you have sufficient credit, have saved for your down payment and closing costs, are secure in your job, are ready for the commitment, and last (but not least), when you have a great realtor!
If you are ready, my number is 512-786-6997. Give me a call and I will do everything I can to create a desirable (and successful) home-buying experience!