What is the best time of year to buy a house? Anytime, really. But spring, especially, is a great time to buy a home. The weather is warming, the grass is greening, the birds are chirping, and people everywhere are thinking of going outdoors and enjoying their homes — or finding new homes!
Homes pop up for sale in the springtime like blossoms emerging on the trees. In fact, spring is probably the busiest time of the year in the real estate business. For good reason.
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It’s not just the bird and the bees that are busy in the spring. Home sellers are, too.
Buyers must be ready to act in the spring. Data shows that the highest month for home-for-sale inventories is May, followed by April and June. Of all the times of the year, home inventories are usually the biggest in the spring and summer. Families with kids put their homes on the market because foot traffic is heavy and because they themselves want to move into their new homes by Labor Day, ahead of the start of school.
Even buyers without children like to get into new homes in the summer so they have time to spruce them up, plant landscaping, and do all the other things to make a house their home.
March and April are good times to buy to get ahead of the summertime glut. Some real estate agents say that June is the worst time to shop for a home. Although listings are plentiful in June, prices start going off the charts, and competition is significantly higher in June and July.
That’s what makes spring a great time to buy. To stay ahead of the crowd, it’s worth having a game plan for spring home shopping. Here are some tips.
To buy a home in March, April or May, you’ll have to be ready to jump on the home you want. Don’t be indecisive. When you find the home you like, make an offer.
Here are other tips to help you get the house you want during spring:
Doing anything for the first time is hard. Buying a first home is no different. But with the right preparation and the right team around you — from your loan officer to your real estate agent to your family, friends and support system — buying a home in the spring means you will be resting easy come summer time and, possibly, for a lifetime!