There are some distinct advantages to making your way through the home buying process during the hottest season, as long as you’re willing to face a little competition. Here are 4 reasons to buy a home in the summer.
4 Reasons to Buy a Home in the Summer
Inventory is Broader
You wouldn’t want to buy a car from a dealer with only two models available, so why limit your choices of homes? Your ideal home that you’ve been waiting to buy is much more likely to become available in a busier marketplace. The large inventory of homes also helps home buyers feel more confident in their search because additional properties hit the market every week. When there is a broader inventory, you may also have more leverage when it comes to negotiation and could serve as one of the main reasons to buy a home in the summer. Additionally, you’ll have the peace of mind knowing that if the home seller declines your offer, another home will be waiting just around the corner.
Buying and selling at the same time could be easier
If you need to sell your current home in order to buy a new home, you’ll likely have an easier time doing so in the summer. Rather than getting trapped into two mortgages or being forced to rent out an apartment in the time between moving out and moving in, you could have a more seamless transition when you buy a home in the summer. Most people want a move-in ready home, so if that’s what you’re selling, you’re likely to have a lot of demand and serves as one of the most common reasons to buy a home in the summer.
By waiting until summer to make you move, you can avoid having to further disrupt your kids’ lives. Moving in the middle of the school year can negatively affect your kids’ lives and make them upset about leaving. Leaving friends is hard enough but when it’s in the middle of the year, they aren’t able to adjust as well if it’s between years. Plus, your kids will have free time so they can accompany you to the open houses. This is important when offer time is of the essence and parents what each member of their family to approve the new home.
You’ll get the lay of the land
It’s easier for you to do your own research on the home when the days are longer and nicer weather. You’re able to check out nearby grocery stores, schools, parks, and recreational centers on your own. You can step out on that back porch and envision what your life would be like relaxing on the back porch in the summer, since you’ll be doing it in that moment. Additionally, since summer brings people outside, you’re able to meet some of the neighbors and ask them about what they love most about living in that neighborhood. On another note, in the summer you’re able to see how well the house holds up in the heat. See how well the air conditioning works when it’s pushing 90 degrees or more. The last thing you want is for you and your family to be uncomfortable in your brand new house.
You may also like: Questions To Expect from Your Mortgage Lender in Tacoma, WA.