Dear Terri:

When is the best time to buy a house?

Betty C.

Dear Betty,

The best time to purchase a home may depend on your location, weather tends to play a big role.

In the Midwest, the spring market will bring many new listings to the market. You still have the greatest number of homes to choose from. Along with the vast selection, there will be the largest amount of buyers out at this time, creating a competitive market. This is also when homes will sell the fastest, leaving less negotiating room and possible multiple offers on a property. 

As we approach back-to-school, there tend to be more price reductions as well as less inventory. While there are less choices, the combination of a smaller pool of buyers and less choices can work to your advantage negotiating purchase price. Additional questions? For a complimentary consultation contact me.