When is the best time to buy a house?
Deciding to buy a house is one of the biggest decisions you’ll ever make. Like any of life’s big choices, you’ll want to be sure to make this move when the time is right. However, the truth is that the best time to buy a house can vary from person to person. Finding the right time for you is about striking an acceptable balance between a few different economic and personal factors.
The best time of year to buy depends on what your goals are. If you want to shop when there’s the most housing selection, the best time to buy is around March to July. However, this is also when there is the most competition.
If you are looking for a good deal, the recommendation is to consider winter months. A study conducted by a group of Realtors confirms that the winter months have lower amounts of selling activity.
As a buyer, slow-selling activity can work to your advantage. It usually indicates that there are fewer people in the market to buy a home, which means that there is likely less competition for you to worry about.
The less competition there is, the more likely it is that you’ll have room to negotiate with the sellers on the price. A good REALTOR® can aide you make the right offer for the property you’re interested in buying. For free valuation, contact us at 401-396-2888. We’re always glad to help!