When to shop for the best house for the best price! Some general guidelines to help you get the best deal!
Shopping for a new home can be very exciting. You have decided you’re ready to take the plunge and either buy another house, or become a first time homeowner. You have an idea of what you’re looking for, you know what area you’d like to live in, and your financing is in order. Now, all you have to do is shop--right? Well, you could just go out and shop, but you also want to know when to shop to get the best price on the best house.
Each area differs in the most popular selling time. It’s really dependent upon the weather, holidays, and how the market is overall. Obviously, sellers want to get the best price for their home and buyers want to buy a home for the most reasonable price. Is there a time of year to shop when you can get the seller to come down on the asking price?
First thing you may want to do is talk to a realtor about your specific area. Your realtor is familiar with your area and may have some tips that apply only to that area. If you do not want to employ a realtor there are some general guidelines that may help.
The summer time tends to be a slow time, and many homeowners are just ready to get out of under their house payment. Typically, if a house is for sale in the summer it’s been for sale since the spring and the seller is getting anxious. So, if you are ready to make an offer during the summer this may be the best time! The seller may accept an offer that is very reasonable for both parties!
Another very slow time, when many people take their house off the market, is during the winter season. For some reason, there just aren’t many people looking to buy a home during this time of year. It probably has to do with gift buying and such for the holiday season, and not having the financial resources available to buy a house. So, if you find a house you love during the winter holidays you may get a great deal on it as the seller may be ready to take any reasonable offer!
The spring is the most common time to list a house for sell. This is good for the seller, because the buyers are also out and about ready to look at a whole new group of homes for sell. But, the seller will usually hold out for the best price possible. It won’t be until the house has been on the market for a few months that he’ll get a little bit anxious and be ready to negotiate a bit more. So, if you see a house that you love and your offer is rejected, wait a few months, and offer again.
These are just some general guidelines. There are some sellers who are willing to negotiate from the first day their house is for sale, and there are others who refuse to negotiate and will let the house sit on the market for as long as it takes to sell at their asking price. Time really is on the side of the buyer here, as sellers get anxious and will usually drop the price.
So, any time of year is a good time of year to shop for a house. But, there are better times of year to get the best price on that house. Good luck and happy house hunting!
http://www.essortment.com/home/realestatetips_sjyr.htm
