Buying Your First Home: The Best Time to Buy

You've gotten your financing in order, and you have an idea of what you want. Now all you need is to find your dream home and you'll be set to move. So when is the best time of the year for buying a first home? Spring and Summer.
Spring and summer are considered the best time to buy a house. March through July are popular months for selling and buying a home, making spring and summer the time you'll find the largest number of homes on the market.

Pros of Spring Home Buying
  • Curb appeal at its best
    Yards tend to look their best during spring and early summer, putting most homes' curb appeal at its peak. Gardens are in bloom, trees have new leaves and everything outside looks wonderful. You'll see your potential home in its best light.
  • Best time to switch schools
    Families with young children generally like to move after school lets out for the year. Putting a house on the market in spring or summer helps facilitate this desire. If you have children, moving during this time gives them the advantage of avoiding the "new kid" label at school.
  • Large number of homes for sale
    Generally this is the time when the market is flooded with homes for sale. If you want a selection, this is the time to buy.
Cons of Spring Home Buying
  • Don't blink or it's gone
    Homes tend to move quickly in spring and summer. Buying a home is a big decision, but if you're in a hot market where homes are moving quickly, such as Chapin,  you'll have to be prepared to move quickly yourself or you might just lose out on some homes.
  • Selling a home can be difficult
    If you're selling your home in tandem with making a home purchase, your home will be competing with many other homes for sale, putting added stress on the sale.  If your new purchase is contingent upon selling your home first, the stress is even greater.
  • Competitive home prices
    Because of the influx of houses on the market, prices tend to be competitive. You may find yourself in a bidding war for a home if it has wide appeal.
If you are interested in selling your home or if you are purchasing a new home, give Melissa Dille with Exit Midlands Realty in Chapin a call at (803) 345-6124.  She has the knowledge and capability of helping you do just that. 

Tami Houmiel Headshot
Phone: 803-606-8712
Dated: June 11th 2014
Views: 2,110
About Tami: ...

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EXIT Midlands Realty
PO Box 807
Chapin, SC