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24% of Renters Believe Winter is the Best Time to Buy a Home

Posted by David E. DeChant on Wednesday, November 28th, 2018 at 8:44am.

In real estate, the spring is often seen as the ideal time to buy or sell a house. The term “Spring Buyer’s Season” exists for a reason, as renters and those looking to move on from their current home thaw out from the winter and hit the market ready to buy.

According to Bank of America’s annual Home Buyer Insights Report, 41% of renters surveyed agree that spring is the best time to buy a home. The surprising result, however, is that when ranking the seasons, winter comes in second at 24%.

In many areas of the country, the spring and summer are the most competitive seasons for buyers. Families with children often want to move over the summer to make sure that their kids are ready for school in the fall. This often leads those families who haven’t found homes to buy to push pause on their search in the fall and winter months.

This creates a great environment for buyers to find a home with less competition. According to moving.com, scheduling a move during the winter months also comes with the best price.

If you define ‘best’ by cost then, generally speaking, you are more likely to save on a move during the late September to April window. Demand for movers usually slows down during this time frame and rates are low.

There are also many benefits to listing your house for sale during the winter months as well!

As we recently mentioned, buyers who are out in the winter are serious about wanting to find a home, and there is traditionally less competition on the market which gives you greater exposure to those buyers.

Bottom Line

As always, the best time to buy or move all depends on each individual buyer or seller’s goals and needs. If you are one of the many who would like to make a move this winter, contact a local real estate professional who can help you create a plan to make it happen!

 

 

 

Source: https://www.keepingcurrentmatters.com/2018/11/28/24-of-renters-believe-winter-is-the-best-time-to-buy-a-home/ 

3 Responses to "24% of Renters Believe Winter is the Best Time to Buy a Home"

Further Proof It’s NOT 2008 All Over Again wrote: [...]Links

24% of Renters Believe Winter is the Best Time to Buy a Home
The #1 Reason to Not Wait Until Spring to Sell Your House
Buyers: Don’t[...]

Posted on Monday, December 3rd, 2018 at 12:05pm.

Home Prices Up 6.34% Across the Country! [INFOGRAPHIC] wrote: [...]Links

Further Proof It’s NOT 2008 All Over Again
24% of Renters Believe Winter is the Best Time to Buy a Home
The #1 Reason to Not Wait Until Spring to Sell Your House




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[...]

Posted on Monday, December 3rd, 2018 at 12:20pm.

4 Reasons to Buy A Home This Winter! wrote: [...]the Country! [INFOGRAPHIC]
Further Proof It’s NOT 2008 All Over Again
24% of Renters Believe Winter is the Best Time to Buy a Home




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First Time Home Buyers (147)
For Buyers (195)
[...]

Posted on Monday, December 3rd, 2018 at 12:26pm.

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