The Best Time to Buy a House


We all know that almost all home buyers have asked this question when is a good time to buy a home? Or what month is the best time to buy a home? Buyers normally have this question in mind because everyone wants to buy a house for the least possible price. Let’s just say we want that bang for the buck home.

If it’s a seller's market, it's always a good time to buy a home because the prices are just going up but that's not one of you to talk about. I want to basically go through the months of the year and tell you the best time to buy a home. It's predominately where I am right now in December is a really good time to buy a home. Because if you go from December 20th around January 10th-15th that’s the slowest time of the year. I have personally bought a home, Christmas Eve, because I know how slow it is, during that time period. Sellers are not getting as many showings, they’re not getting as many offers, but they're not accepting is many offers so it's just a really good time to buy.

I look at the statistics, there's always a lot of home sales in December because builders and buyers are making a push. Builders want to get the homes off their book before the 1st of January and buyers want to get the homes sold so they could have their exemption. You want to look at it is that sold. It doesn't apply to what's going on in the market. January 15th usually when it starts picking up, buyers starting to thinks about looking at homes. I think before that they just have the holiday hangover, so they start thinking about it by February, most of them are out there looking and the market starts to pick up. By March it is in full swing. March is almost unfortunately almost every single year the busiest time of the year I have because people start looking to buy homes for the summer. March is a really good month. April is really good month but around April 15th the tax time, the week before that, 10 days before that, it starts to slow down. If you are in a price range of the median price and below. If it's a higher price range, the luxury price range it doesn't really have an effect.

Then we go into May, which is a really good month. It’s always a really good month. June is slow because school lets out in May so it happens about a week before school lets out. Maybe 4 days until around 2 weeks after the school’s letting out. It's really slow because grandparents and relatives are coming in for graduations and people going away after graduation. So it’s pretty slow then you have in the middle of June it starts to pick up again.

July is a busy month. August is overall is a busy month that will slow down about a week before school is going back in because everybody's getting ready for school and then it will start to pick up again. September is a pretty good and then October you start to see things really slow down in October. When you start getting a little closer to the end of October, near Halloween, things start really slowing down. November's really slow because daylight savings time happen and people just don't want to look at home when it's dark. They are looking for homes on the weekend. It’s going to be slow plus they have family members coming in for the holiday.

Then December is a very slow month again when you get closer to Christmas and I had a client that’s listed their home at the beginning of December and the first buyer that walked in the home bought is so it does happen. Overall December is really slow and the closer you get to Christmas, probably the 18th the 20th it’s just almost dead. There’s like nothing goes on. So it’s just very slow. Those are the good times to buy a home. I purchased a home, I wrote a contract once with the builder December 24th. It was a good deal. I knew no one else was going to do it so I did and bought the home. It's a really good time right now to get out there by homes because when it gets busy you're just going to be competing as a buyer with other buyers. If it is a seller's market you’re in, whether you’re in Tampa which is a seller’s market. Which means a low inventory. Prices are increasing and if you’re in seller’s market prices are going up because there is low inventory.

I hope this helps you. If you have any questions please let me know. Don't forget to leave a comment in the comment section. Let me know if you like these videos or if you have questions. Have a great day. I wish you the best of luck.

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southtampahomes

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