The temperature is rising. The days are getting longer. The ice cream lines are endless. And the two-foot for sale signs are being clamped down in front yards all across the neighborhood.
Summer is here! And for the real estate market, it’s the most popular time of the year. Throw out the summer real estate myths and take a look why summer is the hottest time to buy your new home.
1) Inventory Inventory Inventory
Let’s face it, I like having options, you like having options, everyone likes having options. And the best time to have options in now. Why wait for winter months where there are only two homes available to choose from? You wouldn’t go to a store that only offered two paint colors.
The best part of having a large inventory of homes to choose from is that if one does not meet your needs, you don’t have to settle, another one is around the corner.
2) Buy and Sell a home seamlessly
If you are looking for a change of scenery summer is definitely the best time to sell your current home and buy your new one. The summer real estate market is hot so the chances of you getting stuck with two mortgages in the process of selling and buying a new one are minimal.
With a busier market, your transactions can flow smoothly. Keep in mind, if you plan on selling and buying another, start early to get the most out of the peak housing market.
3) Higher summer prices are a MYTH
A big myth about the summer is that home prices are higher. This is simply not true. In fact, as we stated, inventory is at a record high. The summer is a seller’s market, but with a large amount of homes around the neighborhood up for grabs, home prices are compared to the job market and what similar homes have sold for in the area. So the price you pay is fair to what others in the area have paid.
If you are looking to get a jump start on your home buying this summer while the sun is shining visit Moncayo Homes for professional, friendly, and detailed service in your home buying venture.