It’s no secret that spring time is typically the busiest time for real estate transactions. It’s thought to be the best time to buy and sell for mainly two reasons. The first is a bit psychological, but it seems to foot the bill – people have been couped up all winter and something about the warm air and sunshine gives them the mental boost to want to buy a new house. And secondly, buying and selling in the spring and summer months lines up nicely with the school calendar.
At Holt Realty Partners, we believe that any time of the year is a good time to buy or sell (see our blog post about even selling during the holidays), but we know that starting right now, buyers and sellers are ready to take care of business! This busy time does create some competition for buyers and it puts sellers in a great spot, potentially with multiple offers! So, if you’re looking to buy right now, we want you to be as prepared as possible (and we’ll help you all the way through this).
- Location – If you can narrow down the area of town you’d like to buy, that will help to really pinpoint neighborhoods to focus the search. No time will be wasted searching outside of the area.
- New Home Wishlist – A list of wants/dislikes for your potential new home also helps narrow down the search immensely! We can weed out prospective options almost immediately!
- Current House – This one is very important! In a competitive time to buy, it’s important to have a plan for your “old” house. Is it on the market yet, or better yet, is it under contract? While you can buy a new home without either of those things happening, it makes you look like a very attractive buyer to a seller if you’re current house is not an issue and won’t hold up the contract. Having to put down “contingent on the sale of our house” is not always the best way to get a new one!
- Be Ready to Move – Similar to point three, you want to try to stay away from adding any special requests to the contract. A typical closing period takes about 30 days, so asking for more time can steer a seller towards the next offer on the table.
The great news is that now is a great time to buy and sell and we can’t wait to work with you! Contact us today!