Real Estate: What is the Best Season to Buy?
People wonder if its best to buy a property in summer, autumn, spring or winter. Truth be told, you can buy a property at any time in any place as the market is open 365 days in areas like Sunny Isles Beach Real Estate, but this article aims to give you a tip of the ideal season to purchase a property.
Buy Your Home in the Spring: Prices Are High
If you are thinking of buying an apartment or a house, know that it is between late-March and late-June that we find the largest number of properties in the real estate market. As a result, this is not only the time of year in which the prices displayed are the highest, but also the one where the competition between the potential buyers is the most difficult. Clearly, buying in the spring, you take a double risk: pay your home more expensive than if you buy at another time of the year.
Buying in Summer Makes it Easier to Negotiate
Really speaking, buying at the end of spring is like enjoying the calm after the storm. Why? Simply because during the summer period, the activity of the real estate market falls after having increased considerably from March to June. Indeed, most summer sales actually result from compromises dating back to the spring.
But as a buyer, you have a card to play. Indeed, do you say that the slowdown that affects real estate activity in July-August can allow you to obtain a “rebate” on properties that would have been offered at higher prices a few months earlier?
Buy in Autumn: No Competition to Dread
The real estate activity usually restarting only gradually – and timidly – at the beginning of the school year (after a summer period traditionally charged with transactions), one of the main advantages of buying a home in the autumn is that you will have no (or few) competitors in front of you. Clearly, if the owner of the house of your dreams is trying to “put you under pressure” by strongly advising you to “hurry to make an offer at a price” because you are not all alone at the time, it’s a safe bet that it’s intoxicating. No competition to fear in the fall, so. And you can buy without rushing.
Buy in Winter
From December to February, question real estate transactions, it is not frankly the ecstasy: few sales of apartments or houses are made once winter comes. And many are the owners whose property does not find takers. As the supply tends to far exceed demand, it is, therefore, a particularly good season for trading.