Is it a good idea to buy a new house? That depends on what your needs are. If you have a growing family, you can consider buying a house in the spring. Does everyone know that spring is the best time of year to buy or sell a house? Or not?
Not necessarily, although it is probably the busiest time of the year for the real estate industry.
Experts in real estate and housing construction say that the emphasis on the spring home buying era is rooted in practical reasons and also in some misguided but lasting perceptions of the market.
On the one hand, in the spring, people who have been locked up during the winter are ready to finally go out and feel the sun’s rays. On the other hand, a possible change of direction at that time fits perfectly well with the school calendar.
After so many comings and goings you are about to start the path that will take you to your own home and you need to know if it is better to buy or build a house. In this moment, when things start to be possible, it is the moment in which each question becomes something really important.
- Where do I begin?
- How much money will I have to invest?
- Who do I have to consult?
That is, all those questions that when the reality of your own roof was very far, you had not even considered. Once you clear this out, you need to select the right time to buy your house.
With My Property Value is the most accurate decision if you want to sell your property at the right price.
Reconsider the seasons
Certainly, in autumn and winter you have less inventory out there, there are fewer houses to see. But people looking for a house in autumn or winter, those are serious buyers. They are looking for something with a goal, maybe they are getting divorced or they just found out that they are going to have triplets, or they will transfer them for work. There is a reason for that move.
And agents say that although a horde of people may come to your open house in the spring, very few of them are really looking to buy. In other words, they are people who ask a lot and do not buy anything.
Spring begins in January in the world of real estate
The spring sales season starts at the beginning of the year, in January. Right after the first of the year, there is a lot of activity by people who have been waiting for the holidays to end. The thing is increasing until about mid-May, which is when more people publish their sales, and that continues in a very marked way until the summer. Then you can see that the publications begin to decrease in summer.
They decrease a bit in September, more in October, much more in November, and then fall drastically in December. It does not mean that there is no shopping activity at the end of the year. The inventory of houses for sale is low enough and buyer competition high enough to turn into a bidding war.
However, do not count on getting much enthusiasm from your real estate agent in a scenario like that. A home inspection and writing an offer during the Christmas holidays was very unpopular with my buyers and me too. But it was the right home for them, so we made it happen, beating the offers of nine other people.
What is your moving schedule?
One way to establish a personal real estate schedule is to decide when you want to be in (or outside of) a house, and then work backwards from that. The amount of time that is required from the contract to the closing table may vary regionally, but agents suggest that a month is reasonable.
But to that we must add the time it takes to find the house, in the first place. For most of our homebuyers, the average is two to three months. It’s been increasing lately because people do not get homes for sale. For sellers, it will depend on the conditions and prices of the local market, and both have undergone a transformation in many areas since the beginning of the year.
The time span has changed dramatically in the last 18 to 24 months as the market has warmed up. The average time in the Seattle market today, in a popular market at a reasonable price, It’s a week to sell a house Two years ago, depending on the neighbourhood, at a minimum, that it could be 90 to 120 days.
Many builders offer both quick moving houses and houses built from scratch. If you are aiming to move to a newly built house, planning from the front to the back as of the move-in date is much more critical.
You should consider some time lapses. If you buy a house for a quick move or within the specifications, that is, a new house that has been partially or completely finished by the builder, the time from the contract to the move could enter in that period of one month (or a little more).
If you’re going to design and build a house from scratch with a serial production builder or large volumes, it is recommendable to plan for that to take four to six months. The larger construction companies are quite efficient and can finish a house more quickly. If you’re going to build a new house from scratch with a smaller construction company or custom homes, those time lapses can last about two months.
“How long?” It’s the number one question your customers ask. In the process of building a personalised home, getting the right thing can sometimes take anywhere from a day to several months. Then we have the issue of interviewing builders, which is a very personal decision.
With My Property Value is the most accurate decision if you want to sell your property at the right price. We will help you understand the right price estimation for your property and tell you how to sell it as fast as possible.