Buying a home is a big investment, which means everyone wants the best deal available. But they also want a lot of options. After all, you don’t want to feel like you’re settling when you purchase your house.
And so, arguably the most popular question in real estate has become “when is the best time to buy?”
The truth is, any time can be a great time if you find a home you love for a price you can afford. But you probably want a better answer than that, so let’s look at some different situations.
Best Time for Variety
Want the biggest and best selection? Springtime and summer consistently offers a large volume of houses on the market. Schedules tend to be more open, everyone is wanting to be outside and traveling around, and people are eager to move before the fall comes.
If you want to be looking at homes, attending open houses, and seeing what different areas have to offer, this is the time to start shopping around. Just know that a lot of other people are looking too, so if you find something, you need to act quickly, or you may miss out.
Best Time for Pricing
This one can be a little trickier to predict, as price often can depend on how long a seller has had their home on the market. You can certainly find some great prices as summer wears on and sellers begin to reduce their initial asking price.
But often, for low prices, fall can be the best time. With the summer housing rush at an end, and people’s everyday lives resuming, the number of buyers out there decreases significantly. With less buyers searching, the price of houses drops as well, especially for sellers who were unable to get their home sold in the spring and summer.
You might not have quite as much of a selection as you’ll find in the spring, but you just may get the deal you’ve been waiting for.
The Real Best Time to Buy a House
In truth, the best time to buy a home is when you and your family are ready to buy one. There are always houses on the market, and with the right realtor, you can find one that works for you. If you know you’re wanting to buy a house, whether it’s now or a year from now, it never hurts to start looking.
Looking for homes or condos for sale in San Diego and the surrounding area? Contact us today at Metro San Diego Reality. With us at your side, it’s always a great time to find and buy a home.
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