Spring is peak season if you plan to buy a home, but if you miss out and the summer months arrive, there are still plenty of opportunities. The staff at Lawrence Realty Inc. in Red Wing, MN, advise that you can find great deals during the summer, but there are several factors to remember as you look. Keeping this in mind will ensure you get the best deal and take full advantage of the buying season.
What to Remember About Buying a Home This Summer
1. Prices Start to Drop
Because of the intense competition that comes with spring, sellers are able to price their homes relatively high. However, once the buyer pool begins to get smaller over the summer, they’ll drop their prices, especially if they’re on a timeline. The closer you get to the winter, the lower prices will be, so take advantage of summer sellers looking to offload their home at a discount.
2. Weather Can Be Concealing
Homes react differently to the weather, and come summer you may miss some hidden problems with a home, especially if it’s older. The heat can cover up moisture-related problems like warping in windows, door jambs, and walls, as well as mask evidence of mold or mildew. Unless you have experience, it’s imperative to hire a home inspector to take a comprehensive look if you’re ready to buy a home. This will ensure there aren’t any hidden problems that surface once the weather changes.
3. Research Is Key
Warm weather invites everyone to come outside and can give you a good gauge of the neighborhood you’re buying into if you purchase a property. Pay attention to noise levels, how safe you feel, if your neighbors take care of the property, as well as how the overall community seems. Location is a huge factor in home value, and you want to be sure you’re buying somewhere that will be an advantage down the road.
If you’re ready to sell or buy a home, turn to the real estate professionals at Lawrence Realty Inc. They’ve offered comprehensive real estate services since 1948, and as a family-owned and -operated business, they’re committed to building relationships with their clients. Whether you’re looking for a home or investment property, they’ll work with you through every step of the process to achieve the best results. Call (651) 388-4745 today to schedule a consultation, and visit their website and Facebook page to view their houses for sale.