When is the best time to buy a house?
The Simple Answer
The best time to buy a house is when demand is low.
Seasonality of housing demand:
From a seasonal perspective, housing demand is lowest during the Fall and Winter months.
School
For families looking to buy a house, it is logistically and emotionally difficult to coordinate a move during the school year. This is why demand for single family houses spikes in the Spring and Summer so children can be settled into their new house in time to start fresh at a new school.
Holidays
During the holiday season, spending on gifts takes priority for many would-be homebuyers. Shortened work weeks, and holiday activities also limit the time homebuyers have to go house hunting.
Weather & Daylight Hours
Finally, cold weather and shortened daylight hours tends to keep people indoors makes house hunting less appealing.
Going Against The Trend
During the COVID-19 coronavirus pandemic, we saw record low interest rates and a demand for more space concentrate demand on larger suburban houses. Accordingly, house prices rose significantly in many markets:
During such times, the contrarian homebuyer would look for houses to buy in markets that were negatively impacted by this phenomenon. Therefore, instead of buying a detached single family house in the suburbs, you would buy an attached single family townhome in the city.
Or have the discipline to hold off on buying until the market cools down -- per our earlier commentary this would mean waiting until the winter months.
As famed investor Warren Buffett said: "Be fearful when others are greedy, and greedy when others are fearful".
Done properly, real estate auctions can be a great way for sellers to make buyers compete while prov...
It's tempting to spend a lot of money on your house before you sell. This is not necessary the best ...
Are small houses hard to sell? Not necessarily, it depends on a few factors. There's more to learn a...
Should I sell my house? Thousands of homeowners are asking this important question. Learn our insigh...
Wondering who pays for staging a house? It depends. Some agents will pay for a portion of staging co...
We take listing verification seriously to ensure trust, safety and authenticity of all listings on o...
Is the buyer required to share the home inspection report with the seller? If you are requesting a r...
Yes, you can sell your rental property with tenants and with OfferMarket it's easy!...
In off-market For Sale By Owner (FSBO) and wholesale real estate transactions, it is standard for th...
When a rental property is sold, the buyer assumes the lease from the previous owner and is required ...
In nearly all cases, when you sell your home, the title company, title attorney or real estate attor...
In order to sell your house quickly, it is important to understand and avoid the things that prevent...
Traditional real estate transactions involving brokers and agents can be extremely expensive. There'...
Empty, vacant, houses tend to sell faster for one simple reason. There's more to learn at OfferMarke...
These are the obvious and not-so-obvious things that make a house harder to sell. There's more to le...
Most pre-sale repairs and renovations deliver negative return on investment. These are the things yo...
These are the things to fix in order to sell your house fast for the best price. There's more to lea...
The first thing to do when selling a house is to collect information and not rush to make important ...
Here's how to your house fast for a good price (optimal net proceeds). There's more to learn at Offe...
There are many things that bring down property value. These things fall into two categories: propert...
The most common reason a property fails to sell is unreasonable asking price by the seller. We added...
What documents do I need to sell my house without an agent? We'll answer this question and provide y...
Everything to know about the draw request process for OfferMarket Capital construction loans...
It is absolutely possible to sell your house remotely without an agent. You can also empower buyers ...
When is the best time to buy a house? Learn our insights and save money when you buy your next house...
Real estate agents can post free for sale listings on OfferMarket. The best real estate agents use O...
Buyer's agents (and buyers represented by agents) that understand off-market, wholesale and FSBO lis...
Reach more buyers, get more offers, sell faster, avoid failure with Listing Boost. When you boost yo...
OfferMarket is an investment property marketplace and hard money private lender. Wherever you are in...