Buy a Home in the Spring
If you have been looking for the right time to buy a home of your own, now is the time to prepare to buy a home this Spring. This article highlights a few reasons to buy a home in the Spring and begin planning now.
1. The market is not too hot and not too cold, just warming up.
Home Listings and Competition
Winter months in the housing market usually have the lowest inventory of homes. However, as Spring starts to bloom more and more listings appear on the market. On the other side of Spring, the Summer market has the most listings. Summer also has the most competition from other buyers, which can drive prices up.
The Spring may be “just right” with a new inventory of homes appearing on the market before the rush of Summer buyers join the house hunt.
Time on the Market
The advantage of buying before the Summer rush could mean finding a good deal on a home that hasn’t sold during the winter months. Sellers may also be motivated to sell before the chaotic Summer months begin. Sellers who are motivated by time are more likely to negotiate the purchase contract.
2. You can save your tax return for the down payment
One of the biggest tasks for first time home buyers, is saving for the down payment. Adding your Tax return to you down payment savings could be a big step toward your goal of buying a home in the Spring.
Dedicating your tax return to down payment savings, could be an easy way to save without impacting your monthly budget. Read more about creating a down payment savings plan in this article.
3. You have time to get your finances in order now: Free Pre Approval
At TexasLending.com we can get you pre approved 90 days before you buy. Going through the pre approval process can help you understand the flexibility of your home buying budget.
If you need to improve your credit or save a bit more, analyzing your financial outlook with a licensed mortgage consultant now is a great idea. Having time to make any needed financial adjustment before shopping for a home.
We are here to help you finance your dream to buy a home in the Spring, or anytime you are ready to buy. Reach out to us today to get started!