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When is the best time to buy a house? Any potential homebuyer has asked this question and others like it numerous times.

Would you be better off waiting? Will the real estate market shift in your favor? Will it shift against you? If you don’t find something now are you better off waiting?

If any of these questions have crossed your mind during your home buying journey, continue reading. You’ll learn when the best time to buy a house is and how that will impact you.

Real Estate Market

Whether you’re buying or selling a house, the current market will impact housing prices. You don’t want to buy a home overpriced and you don’t want to sell one underpriced.

In 2022, there are many conflicting predictions. Some experts believe prices will rise, others think a crash is coming soon.

The Best Time to Buy a House

After taking a look at the market, you need to start thinking about what time of year would be best for buying a house.

Winter

If you’re looking for lower prices, winter is the prime time. All the holidays and maybe even the cold make homeowners anxious to sell. There are fewer buyers so you won’t have to compete with higher offers driving the price.

Real estate agents are more likely to negotiate on their commissions and closing costs during the slow season.

Since there are fewer buyers in winter, there are also fewer sellers. You may want to purchase a house during this time, but struggle to find one that has everything on your list.

Spring

Everything comes alive in spring. Perhaps it’s because children are getting out of school and parents have some extra time. Whatever the reason, spring is a busy time for buying a home.

For senior citizens or anyone who’s retired, be aware that you’ll have to compete with a lot of other homebuyers. If you’re helping an elderly family member this might be a bit more difficult.

Because of supply and demand, there’s much more market variety than in winter. You’ll easily be able to find a home that meets your needs but will have to pay a high price for it.

Summer and Fall

When it comes to buying or selling a home, summer and fall are pretty even. Not the slowest or fastest, but solidly in the middle.

Summer tends to be busier from the rush of spring and fall is slower in preparation for winter.

Start Looking for a New Home Today

The best time to buy a house is dependent on you more than outside factors. Of course, you should always pay attention to fluctuations in the real estate market, but that can’t be the only factor.

Each season has its own pitfalls and its own high points. When you’re looking for a house, timing may seem all-important, but you need to do what’s best for you.

For help finding the perfect active community for retirement and more, reach out to Creekmore Realty Group. Our experienced professionals would love the chance to help you and your family.