When is the best time of the year to buy a home?
When is the best time of the year to buy a home?
“When is the best time of the year to buy a home?” is probably the most frequently asked question that I receive. There are many factors to consider when answering this question. Do you want to best deal? Do you want to make the move the easiest for your family? Do you mind doing a little work to the property? In Central Maryland, where I primarily work in selling residential real estate, I consider myself an expert at answering this question.
It is my opinion that buying a home in November, December, January, or February provides the greatest opportunity for the best deal. Usually, if someone is selling in that timeframe, they are selling for a reason, intimating a sense of urgency. Who really wants to move during the holidays and cold weather, anyway? Estate sales, divorce sales, short sales, and REOs (bank owned properties) can be good options during this time. These properties often require work and the inventory can be light in comparison to the Spring but offer the best potential value. Bottom line… if you are willing to make compromises, you could end up with the best deals!
Frank Davis Jr.
About Frank Davis Jr.
Frank Davis Jr. is a Mega Agent and Co-Owner/Founder of Keller Williams Select Realtors in Ellicott City, Maryland – selling residential real estate in Central Maryland. Licensed since 1999 and coming from a construction background, Frank has worked on countless rehab projects, short sales, REO’s and multi-million dollar deals!!
