With summer on the horizon, you’ve probably noticed ‘for sale’ signs popping up everywhere. If you’ve done your research, you know that now is one of the most popular times to buy a home so, being the smart, savvy shopper that you are, you know that maybe you should wait for the market to cool and avoid bidding wars. However, there are some distinct advantages to buying now as long as you can stand a little competition. Here are a few benefits of buying a home in the summer rather than waiting for the weather, and the market, to cool:
- Most people believe prices are higher during the summer, but that isn’t necessarily true. Prices do tend to peak between June and August, but there are more homes on the market in the summer than the winter, creating a sellers’ market in most communities.
- You have more options in the summer than at any other time of year. With the abundance of homes for sale, you don’t have to worry about settling on two bathrooms instead of three or missing out on that home office you’ve been dying for. More options mean that there is a better chance of you finding your dream home.
- It is much easier to buy and sell a home at the same time. With so many people on the hunt, you’re going to have more people interested in your home during the summer months. You can spend time viewing other houses while people view yours.
- School is out during the summer which means moving now will have the smallest impact on your kids. They can even help find a neighbourhood and home that works for everyone, not interfering with missing a school day, getting behind on homework or worrying about switching schools halfway through the school year. This way, they can settle into the new home and routine more smoothly.
- With longer days and warmer weather, you’ll have a better chance to see what the area is really like; see how many kids are playing outside, what your neighbours’ yards look like and get an overall feel for the community. Walk around the neighbourhood and see if you enjoy the area, but be sure to take note of any eyesores or potential issues that might be hiding in plain sight.
As always there are positives and negatives to buying a home, however, it’s time to forget that myth stating buying a home in the summer isn’t ideal. With a little bit of time and effort, you could find the perfect home by taking these benefits into account. So, time to start scanning the Internet for potential new homes and set up viewings with your realtor. There is no time like the present to find the home of your dreams!
