When’s the best time of year to purchase a home? While the answer depends quite a bit on what you’re looking for and your personal situation, the most popular time of year to buy a home occurs in the early spring months. In fact, we see a significant increase in homes for sale in February and March, just in time for all of the spring buyers to shop for a new home!
One reason that the springtime tends to be popular for most buyers is the large inventory of homes for sale, as buyers have the greatest selection of homes from which to choose. Plus, many of these homes that go under contract in the spring conveniently settle in the summertime — perfect for families!
One thing to keep in mind, however, is that real estate experts recommend planning for your home purchase months prior to actually seeing homes in person. The most important part of this planning involves meeting with a lender to determine your financial ability to purchase a home. We recommend that all buyers secure a pre-approval prior to seriously beginning their home search. This process is quick and easy and you can read more about it here.
If you’re planning to begin your home search in the early spring months, now is the time to reach out to a lender and be introduced to local real estate agents. Be sure to check out a few of our preferred lenders, and give us a call at (215) 699-5555 to get started!