From Christmas To Easter: When Is The Best Time To Buy A House?
In the world of property and real estate, there are plenty of myths surrounding the purchase of a new home for your family. Some people believe that homes are consistently overvalued; others won’t touch auctions no matter how much their life depends on it. However, one of the biggest myths out there is that there is no optimal time to buy a new piece of property.
When it comes to getting the best price for your property, timing isn’t everything but it certainly is a crucial component – if you play your cards right, you could save thousands, or even tens of thousands, on your next property.
Want to know more? Here are the best and worst times during the year to buy property.
Christmas Cheer
Christmas is the season of giving, and this is just as applicable when it comes to real estate. If you’re trying to drive a bargain and the sellers seem to be as negotiable on price as Louis Vuitton, the best time to make your move is about a week before Christmas. Sellers are very aware that people often go away for Christmas and the New Year, and therefore their property won’t get as much attention as it has during previous weeks. Plus, people tend to let their softer side come out during the silly season – do the words “honey, let it go – it’s Christmas” ring any bells to you?
Jubilance in January
It seems that no matter which country you’re in, January is one of the best times in the year to buy property. Why, you ask?
After spending money on Christmas presents and vacations, many families spend January lying low with minimal spend – and this means people who are considering relocation to a new home will be waiting a few months until their bank accounts have bounced back from the holidays. Many sellers don’t want their homes left sitting on the market for an entire month, therefore many will be more negotiable on the asking price. This gives you the perfect opportunity to swoop in and nab your dream house.
Tuesdays are a winner
Yes, there is even a best day of the week to make an offer on a property. After an open home during the weekend, many buyers will make an offer on a property immediately if they are seriously interested. By the time Tuesday rolls around, if a property hasn’t had an offer, the seller will be more likely to consider your offer seriously – after all, if they decline, the property will be stuck on the market for another week at the least.
Avoid putting a spring in the seller’s step
When spring comes around and tax returns are flowing into buyers’ pockets, many are more willing to pay full price for a property they love. Spring is quite possibly one of the worst times to buy a property – there is plenty of competition on the market, but also plenty of competition for buyers who want a new home before the holiday season.
Hayley Frances is a writer who is currently looking for houses for sale in Epping. She’s in love with all things real estate and can’t wait to decorate her new home.
