Real Estate

What is the Best Time of the Year to Buy a Home?

Thu Mar 19, 2009 11:20 am
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There was a time, before the current real estate bubble, when the spring season of the year was typically the best time to sell a home. This thinking has changed and the market has swung in favor of the buyer in a big way.

Buyers who are pre-approved and who have sufficient cash to put down on a home are in great position to negotiate for either new or standing homes. New home builders are anxious to make a deal with a buyer. Homeowners are also eager to sell their homes especially if they are in danger of default.

I see the next 18 months as being a prime buying time for those that are comfortable and ready. Buyers need to assess their own financial position and if they can afford to maintain a home and pay a mortgage then the time is right.

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