So you’re finally getting sick of your old home and are ready to move on to a bigger and better place? That’s great! However, we don’t recommend simply hopping into the market and going with the best option you see. There is a lot of planning that goes into a move like this, which is why we’re bringing you our guide on the best time of the year to start looking for a new home.
Consider the Market
The most vital aspect of buying a new home is considering the market that you’re in. The absolute worst time to buy a home is the beginning of the summer. That is when the majority of people are trying to move, and prices are going to go up due to the demand.
If you’re patient, waiting until the end of the season will be your best bet. Most of the prices have gone back down and may even be lower than they initially were due to the desperation to sell. If you want to wait even longer, the day after Christmas is considered the best day to buy a house. This is because hardly anyone is looking to buy at that point, so sellers are willing to strike up a deal to get their place sold.
Look Into Moving Prices
The expense of moving is quite high in most cases. The two big influences that determine the cost are the time of the year and the distance. Since you can’t change the length of your move too much, you’ll have to focus on the time period it’ll take place. Many factors go into figuring out when the best time to move is, so be sure to shop around before going with the first moving company you talk to.
Review Your Finances
Obviously, you should have a good idea of how you’re doing financially if you’re even considering buying a house, but it’s still a good idea to review your current expenses. Even though financial stability isn’t something that fluctuates drastically with the season, we’d recommend that you wait until the new year to buy a house.
Since all of the expensive holiday costs will be out of the way, you shouldn’t have any significant expenditures coming out. Plus, you won’t have to worry about the next holiday season for almost a year.
When Should You Start Looking?
Despite all of this advice, none of these points actually address the central question of this article: when is the best time of the year to start looking for a new home? That’s because the answer is as soon as possible. However, when you start looking, you shouldn’t be “looking to buy.” Instead, you should be “looking to learn.”
The housing market is everchanging, and with things such as the global pandemic massively affecting it, it’s impossible to say when the absolute best time to buy is. That’s not to say that our previous points are useless, though. You should still consider them once you’re ready to make a purchase. As long as you spend a lot of time looking before you buy, it’ll make your decision much easier in the long run.