Deciding to buy a house is a big decision to make. Whether you’re purchasing your first home or looking to find a new one that better suits your needs, the real estate experts at Coon Rapids, MN’s top agency, EXIT Realty Nexus, say you’ll want to know what time of year is best for you to buy a house, as it may not be the same for every buyer.
Spring & Summer Offer The Most Home Listings
It’s likely to see the largest inventory of homes for sale on the market in the spring and early summer, since this is when families can move without disrupting their kids’ school schedules. If you’re looking for a variety of homes to choose from, look during this time of year, but expect bidding wars. The spring and summer are busy home buying seasons, and you’ll likely be competing with other offers.
Fall & Winter Are For Serious Buyers & Sellers
While the warmer months are typically considered the prime real estate season, people who choose to buy and sell homes during the fall and winter are usually more serious about making moves. Because the home buying time is at its peak in the spring and summer, some sellers list their homes just to feel out the market but may not necessarily be ready to accept an offer.
On the flip side, home buyers during this time may not be as serious either and are often just browsing the market to get an idea of what’s available in their area. Because the fall and winter are slower for real estate sales, you may not be competing with as many potential home buyers, meaning you can offer a realistic price for a home that won’t break the bank.
The New Year Brings New Home Listings
In January, the real estate market usually sees a boom in activity. According to the realtors at EXIT Realty Nexus, spring in the real estate industry actually starts at the first of the new year, so to beat the rush of home buyers that start their search in April or May, it’s wise to begin shopping homes right after the holidays are over. However, don’t be disappointed if inventory isn’t at its peak yet; you may be able to get a better deal.
To learn more about buying a house, call EXIT Realty Nexus today at (763) 757-3948. Their expert real estate agents will work with you to determine when the ideal time of year is for you to invest in a home based on your needs, budget, and timeline. In the meantime, visit this Coon Rapids real estate agency’s website, where you can meet their agents and begin searching homes for sale.