Guest post from Daniel Adetunji, staff blogger at VIP Realty.
When is the best time to buy a home? Or when do you think it’s favorable or appropriate to buy a home?
If you have plans to buy a new home this month or year, this article will give you a few hints on the best times to negotiate a house deal. Before I continue with the main subject of this post, I’d like to share this story with you:
Last month, my uncle told me that he wants a new place for his family but didn’t know how to go about it. Before selling his home, he had to face the stress of getting buyers and a certified realtor, until he came across a real estate agent on a public bus one day. My Uncle narrated his ordeal and told him how challenging it is for him to sell his home. After their discussion, the real estate agent scheduled a meeting with him the following day; (which was a Monday) and began to counsel him on when best to sell and buy a home.
Below are some of the tips that he shared :
Do you know that spring is the best time to sell a home? In fact, there’s nothing that beats the spring market. Phones and cell phones ring constantly, everybody wants to buy and sell, everybody wants a good deal. While there’s nothing more on the market in the spring than any other season of the year, it’s the ideal time to get a good offer.
But do you know that there’s another day of the year that’s more favorable to buy a home?
It is Easter Sunday. I once heard the story of a young man looking to buy a home on the outskirts of Colorado at Easter. The man immediately inspected the home and wrote an offer. In fact, the offer was signed and accepted on Easter Sunday. The deal was a good one, and the amazing thing was that, he had no competitors.
If you’re planning on buying a new home this season, wait until Easter! It’s the best time to buy a home; trust me!
Pro tip: in case you don’t know, Easter Sunday is the first Sunday in the ecclesiastical moon after vernal equinox, and it falls sometime between March 23 to April 25; depending on location or country.
Another best time to buy a home is Christmas day.
Why is Christmas season so attractive? Simply because everybody is more inclined to be generous even if it means coming below the price. During Christmas, you’d often hear, ”Hey, it’s Christmas; you don’t have to negotiate, just sign it”! It’s that easy.
Another reason why Christmas seems to be the best time to buy a home is because, few buyers shop homes; therefore competition is usually low. In fact, home prices are usually 12-month low during Christmas season.
The key is to have a real estate agent who will work during Christmas (though this can be a challenging task) but there are those agents out there.
Final Note
When last did you buy a home during Christmas or Easter? What was your experience like? Any thoughts or suggestions? Kindly, share your experience with us. I’ll be waiting to reply your comments…
AUTHOR BIO
Daniel Adetunji is a staff blogger at VIP Realty, a Dallas realty firm that specializes in selling and buying homes. If you’re planning on buying a property in Preston, check out Preston Hollow homes for sale.
image: foxbusiness.com
