When to buy a house? Should it be summer, winter, spring, or fall? When it is all about price, considering the market conditions is a must. But, when deciding the best time to buy a house of your dreams, it is really all about you. In other words, timing is important.
The Best Month in a Year to Purchase a House
There are always pluses and minuses that come with the months you pick to buy a house. This usually depends on certain situations in your local market.
1. January – March
Who says that you can’t buy a good house at a good price in winter? The fact is, you will have fewer competitors when buying a house in winter. With fewer homes for sale, there will be fewer purchasers too. Additionally, house prices are usually at the lowest during cold months.
2. April – June
They are often considered the peak months for people to buy a house. This is because schools are off in spring, creating the best time for families with kids to move to a new home. The warmer weather also allows you to have a more comprehensive inspection of your target houses and the landscaping is also easier to evaluate.
3. July – September
When to buy a house? Well, summer is also considered the best time to find a perfect house. With the end of home buying craze in spring, house prices will return to normal. In this way, you can get a house of your dreams at a lower price.
4. October – December
Though property business is not completely quiet in autumn, you might not find many houses offered to sell in this season. However, you can still get the best price when buying a home in the fall. This is because sellers who have listed their houses for sale since spring and can’t find a buyer yet will reduce the price of their property in this season.
The Best Time in Your Life to Purchase a Dream Home
Speaking about the best time in your life you can buy a home of your dream, there will be several key factors you should take into account.
When purchasing a house, you need to consider your financial condition. Be honest to yourself whether you can afford to pay the monthly mortgage or not. Then, consider your credit score too as well as the cash you need for the down payment.
The next thing you need to take into account is the stability of your life. Before buying or at least, rent a property, make sure that you have solid ground finance. You also need to have a stable job that can support your plan to buy a house.
Last but not least, your lifestyle. This is important to consider the aspect since purchasing a house should align with your life goals. So, when to buy a house? Well, if you plan to start a family soon and raise your children in a good and secure neighborhood, this might be the best time for you to purchase a house