If you’re thinking about entering the home buying process this Summer, there are a few things to consider before doing so. Summer is a unique time for the housing market, and many make the decision to make the big move during this window of time. Below we discuss the idea of Summer relocation.
The Summer Housing Market
Statistics show that home prices drop significantly during the Summer months, making it a great time to purchase. Although Summer is a busy season when it comes to home buying, it doesn’t come close to the amount of action seen during the Spring. You’ll find the best deals between May through October, with nearly 14% of listings getting a price cut in the late days of August. If you’re considering a new home, now may be the right time for you.
Get to Know the Neighborhood
Do a little neighborhood research before entering into the home buying process to be sure this is the area you want to move to. Are there parks nearby for the kids? What about good schools? What do others have to say about the area after doing some research online? These are all important key factors to consider when looking into a new neighborhood.
Keep an Open Mind When Home Buying
Always remember to keep an open mind during the home buying process. If you find a home in an area that you love at a great price, but you aren’t ecstatic about some of its features, remember that every home is customizable, and you can consider it a fun, new project to tackle. Always think bigger picture when searching for a home, as a house is just an empty shell before you make it a home.
Home buying is a fun process, especially for first-timers. If you’re considering purchasing a home this Summer, keep the above tips and facts in mind to help you make your big decision. Want to learn more about home buying? Click here. Want to learn more about our master planned communities in Southern Utah? Contact us.