The best time to start looking is spring right? Buy in the summer, close before the kids go back to school, move while the weather is nice. Makes sense doesn’t it? Well not if you want the best deal for your money. If you are looking to save thousands of dollars then this winter may be the best time for you to buy if you are thinking of owning a new home.
First off you will have less competition from other buyers who are all using the spring time formula. Why start your search the same time as everyone else. Why miss out on the home you want because someone else moved faster. With the housing market getting stronger each month, the prices are not likely to be lower come spring and new homes coming on the market could be seeing a price increase. However those homes that did not manage to sell this past summer are seeing price reductions now. The employment rates continue to go up which will put more buyers into the market and has given hint that the interest rates are soon to be increased. Even a half of a percentage point could cost you tens of thousands of dollars over a 30 year loan. The cost to rent has continued to steadily rise much faster than the price of homes for sale. That is making it cheaper to own than to rent in a majority of the U.S.
So don’t wait like the rest. If you are thinking of buying in the near future do it now, this winter. Beat the rush, have more selection, save thousands with a lower interest rate and reduced prices. Sounds like a no brainer. Give us a call and we will use our experience to find you the right home at the best price.