When Is the Best Time to Buy a House?

It can take several years of planning before you’re ready to buy a house. When that time comes, you’ll want to time your real estate purchase to ensure you’ll get a great deal on your new home.

This can mean shopping when there are more homes on the market, looking for lower housing costs, or avoiding interest rate hikes.

You might also wonder what the best time to buy a house is—whether to do home shopping in the spring, summer, winter, or fall. Our guide can give you the insights you need.

Is the Fall/Winter Season the Best Time to Buy a House?

As fall turns into winter, fewer people will be actively searching for new homes. A handful of factors cause the market to cool down during this time, but it’s typically because people are more focused on the holidays. They would rather spend their free time with loved ones than scouring the real estate market

Housing Costs Typically Drop This Time of Year

If you’re one of the few out searching for a home throughout this festive time of year, you’ll find that housing costs might drop. That’s because the typical decrease in demand during this time forces sellers to offer more attractive deals.

Talk to your Even if you find a home that’s out of your price range, you’ll have more negotiating power, which can help you get a better deal.

You’ll Get More Attention from Your Agent

Another reason this might be the best time to buy a house is that there will be real estate agents with more free time on their hands. Fewer buyers will come to them for assistance, so they have more time to devote to your search. A cool real estate market tends to boost the customer service each client receives.

Should You Wait for Spring/Summer to Buy?

As you might expect, the warmer weather brings a resurgence of buyers during this time of year.

Many people see this as the best time to buy a house because the warm weather makes it easier to get closer looks at important property features. This helps buyers evaluate homes with a more critical eye.

Summer Home Buying Is Easier for Families

Since children are either nearing the end of the school year or have finished their last classes, this is also an ideal time for moving.

There’s no need to worry about running kids around to school, sporting events, and other extracurricular activities while also trying to close on a house.

Summer Brings a Larger Inventory of Homes

Since there are more buyers, more sellers will try to take advantage of a hot real estate market. Although home prices will rise in the summer, there will be a larger inventory of homes.

This makes home buying easier for those with specific criteria for a new home. For example, if you want a home with a swimming pool or a large yard, the summer is the best time to find one.

Ready to Look at Homes?

When you want to buy a home in San Diego, connect with a top-rated team of realtors who listen, are readily available, and will work tirelessly for you. Contact The Selby Team today!