When Is The Best Time To Buy A House In This Economy?
According to realtor.com, the best time to purchase a home this year is the week of September 29th through October 5th. And they believe the reason is because they expect more homes to be available for sale, which we call inventory, and also because they believe the interest rates are going to continue to get lower during this time.
And so what that does is it gives more buyers options to buy, so it’s less competition for that same house, and then it’s more affordable for the buyer to buy that house, which makes it a little better for them to buy at that time.
But another reason why people want to consider that this could be a good time to buy is because a lot of those buyers that were looking to get their kids into a certain school district are pausing on buying right now because their kids are in school, and so they’re focused on waiting until next year comes around when they can switch their kids. And also they’re a little busy right now because school has started recently.
One of the reasons there will likely be an increase in inventory is because there’s several people wanting to still sell their home this year that haven’t put it on the market yet because they are still working on getting their house ready for sale.
So around this time, you can expect some sellers to list their home because they want to sell before it becomes the winter time.
So if you have any questions, please contact me here, share with anyone you think it’s be helpful to and as always, close with Patrice.
This has been “When Is The Best Time To Buy A House In This Economy?” by Patrice Henderson of Designed Living Real Estate. Be sure to subscribe to her YouTube channels for all your real estate tips, home tours and advice.
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