If you’re getting ready to buy a home, you likely want to do everything you can to make the process as simple and streamlined as possible. As the real estate insiders at Nova Property Management in Anchorage, AK, explain, there are a few important considerations to keep in mind when you’re on the market for a new abode. Having been in the industry since 1980, these professionals know that timing is everything when you’re buying a property—you need to plan wisely to find success. 

Here are the top three considerations they say you should keep in mind when you’re preparing to buy a home: 

• Seasons: Spring and summer always bring a flurry of activity for home sellers. But because there are so many buyers, competition is fiercer and prices are usually higher during this time of year. During more relaxed seasons, such as winter and fall, there are fewer buyers, which means sellers are the ones who become eager. As a result, their asking prices tend to decrease. Because of this, fall and winter are often the ideal seasons to buy a home.
• Finances: While you may have enough money for your down payment and mortgage, make sure you’ve taken all other costs into consideration to ensure you’re financially ready to buy. For example, closing costs can run up to 5% of the total price, and property managers warn that in some cases, taxes on your home can cost tens of thousands of dollars by year’s end. The best time to buy a home is after you’ve saved enough to cover all of these costs, as well as an additional cushion for any unexpected expenses. 
• Schedule: When buying a home, nothing is more important than your own scheduling needs. If you have kids that need to be settled in for school by fall, buying in spring will allow you to move in time. The same sentiment goes for starting a job in a new area. When you’re planning to purchase, give yourself plenty of time for all of the closing procedures to finish so that you meet your deadline.

For more tips on when and how to buy a home, check out the website for Nova Property Management in Anchorage. With nearly four decades of experience in management, leasing, rent collection services, and more, they’ve earned a reputation as the top real estate professionals in Alaska. Give them a call today at (907) 522-1332 to speak with one of their knowledgeable representatives.