Why Summer Is The Best Time To Shop For A New House
Last updated on May 11th, 2021 at 12:56 pm
Summer is the new spring when it comes to home shopping. Historically, spring has been the favourite time for homebuyers to hit the streets to look for a new place. However, summer has been providing potential buyers with some newfound opportunities. We’ll show you exactly what we mean here in this article.
Second Wave of Homes On The Market
Spring is highly oversaturated with buyers who start flooding the market as soon as the weather warms up. But the early bird doesn’t always get the best worm. In fact, many sellers end up taking care of their necessary last-minute renovations and upgrades in the spring and don’t end up listing until the early summer. This often creates a second wave of homes on the market that is more “up-to-date” than the homes that were listed in early spring.
End of Summer = Better Deals
Also, the sellers who didn’t get the offers they had hoped for because their listing price was too high, usually start to panic and worry that they might have to wait until next year to list again. This creates an opportunity for buyers who are looking to capitalize on a solid deal and skip out on all the bidding wars that are common in the springtime.
Summertime is always a busy season for everyone. Many families plan their vacations this time of year and with the kids out of school, finding a home before the end of summer means they can move in without having to pull their kids out of school. This is why many buyers go into full swing at the beginning of the springtime. If you can wait, you’ll have less competition by starting mid-summer when you start house hunting.
If you’re considering buying a new home this summer, we can help you get all your ducks in a row. At Geoff and Bobbie, we’ll start sending you homes that fit your criteria even before you’re ready to purchase. And then when you’re ready to start your hunt, we’ll find exactly what you’re looking for and at the best rates on the market. Contact us today to see what homes we are already listing for sellers in the Ottawa area, and to also find out why 30 years of experience really matters when you’re shopping for a home.