Why Spring Might Be the Best Season for House Hunting
Spring is here, and in any normal year, it brings with it the biggest buying season the housing market will see. There are many reasons for this. Chief among them is that winter is the slowest season for the real estate market, typically because of the holidays and the cold seasonal weather.
Spring may be the hottest season in real estate and house hunting, but does that make it the best season for you to go shopping for a home? Let’s take a look at why spring is such a busy season for home buyers and sellers, why it may be the best time to buy, and why you might want to wait just a bit longer before you step into the market this year.
Why the Housing Market Heats Up in Spring
Once the holidays are over and the trees start to bloom along with the daffodils and tulips, we enter the busiest season for home buying and selling, and for many reasons. For starters, many folks are receiving tax refunds. Homes that don’t have much curb appeal in the winter months are suddenly looking fresh and beautiful with the change in season. People are also looking to get started on buying a new home so they can move at the end of the school year.
Why Spring Is a Terrific Time to Buy
Spring is a wonderful time to go house shopping because it is the busiest. At no other time in the year will you find as much available inventory. Homes are open and looking their absolute best. If you are looking in a tight market, this is the season when you are most likely to find what your searching for.
Why You Might Want to Wait
Spring can be a terrible time to go house shopping – also because it is so busy. This is especially true if you live in a tight housing market. With many buyers competing for a handful of properties, sale prices have a tendency to rise as bidding wars commence, driving some buyers frantic with the need to pounce on available properties.
Many poor buying decisions are made in the hottest of seasons. Also, the good weather and return of seasonal beauty can mask problems that some properties have.
Spring Is a Terrific Season for Buying a Home
Regardless of the crowds of eager homebuyers and the impact that competition and spring greenery can have on your buying acumen, spring is still a terrific season to go shopping for a home. You’ll potentially have lots of competition for what you’re looking for, but you’ll have more inventory to look through.
