Need some motivation to get after your home buying? Here are 4 reasons all analysts would tell you that right now is the best time to buy in the coming 12 months:
Reason 1 – Home prices are expected to continue to climb.
Why is this still happening you may be thinking? Continued under supply, lack of building, pent up demand, people staying in their homes longer.
Reason 2 – Homes actually tend to sell for a little less $ in the winter.
Here is a 49 year average price movement chart:
It’s not huge but when you are stretching your budget to meet interest rates, every little bit helps.
Reason 3 – There is less competition from buyers.
Holidays, snow — there just aren’t as many people out there until February which puts you – the one that is shopping at an advantage while others might be snoozing.
Reason 4 – There are more new listings out there than you might think.
A serious buyer can’t depend on the public apps for their gauge of inventory – the truth is that we have all kinds of things happening behind the scenes. If you are a serious buyer – you have to be ahead of the inventory or you’re going to miss it.
This is also a nice time of year to get a super solid home. We tend to see GREAT homes offered as empty nesters who have raised families make transitions to warmer climates and smaller local abodes. They offer exceptionally well cared for and loved homes with many improvements that offer wonderful function.
It is a good time to just swallow the rate and enjoy the lack of competition and get yourself a home for the holidays!