Buying A Home During The Summer
- 22 July, 2021
The summer months are known as being a difficult time to buy a home, but the truth is that there are some great things about buying during these months. If you're thinking about purchasing a new house shortly, here's what to expect when looking for homes in the summer.
Kids aren't in school, so it disrupts them less
Since kids are on their summer break, it makes a great time to move. They aren't going to get uprooted in the middle of the school year, which can be a significant relief. Ideally, they'll have time to make friends in their new neighborhood and adjust to their new home before returning to school at the beginning of August.
More buyer competition
Summer brings out many more buyers than any other time of the year. You will have more competition when making an offer on a new house. With that said, the seller may also be willing to negotiate and give up some of their asking prices to make sure they sell their home quickly and for as much money as possible. Seller concessions will depend on the market.
More daylight to look for homes
Summer means that there is more daylight to look at homes. This is perfect for people who work full-time and don't have time to look at houses during the day. This also lets you see the home how you will want to use it most, outside.
Summer buyers need to be aware of the heat and make sure they stay hydrated when touring houses. It's suitable for them to dress in layers to adjust as needed depending on how much sun it's getting outside.
More seller competition
There will also be many more homes on the market; this means that you may not need to settle on a property that you aren't in love with because there are no other options.
Sellers are also much more likely to give concessions if they want to sell their homes quickly.
For many families, the summer break is a time for kids to explore and play. But what about those who are looking to buy or sell homes? Summertime can be an excellent opportunity for potential buyers because they have more daylight hours available to look at houses. However, it also means there's increased competition from other homebuyers. The same holds for sellers; while they may enjoy having their home on full display all day long without interruption, this may mean that they're going up against even more competition than usual.
Prepare yourself and get pre-approved before summer hits. Click here to get started.
