When Is The Best Time To Purchase A Home

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WHEN IS THE BEST TIME TO PURCHASE A HOME?
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• There are a lot of differing opinions about the
  best time to purchase a home.

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• The National Association of Realtors states that
  the majority of homes are bought and sold between
  April and July.

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• In the late spring, families are preparing for
  the end of the school year and summer vacation.

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A lot of homeowners put their property on the
market during the spring and summer months
because they don't want to move during the school
year.
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Most sellers don't want to move during the colder
months when they may have to deal with autumn and
winter storms.
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Late April and through the summer are the times
you're more likely to find a home that suits your
criteria and your budget when there's an
abundance of homes for sale.
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Some homeowners want to make improvements on
their property before they put it on the market
and take advantage of holiday sales
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to purchase what they need to spruce up their
home and make it more attractive to buyers.
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• Data shows that homes that are listed in the
  spring have a higher sales rate, and a buyer is
  more likely to pay your asking price.

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• A lot of potential buyers have gotten tax refunds
  and have funds for a down payment.

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• In some cases, you can find homes within your
  budget between the Thanksgiving and Christmas
  holidays.

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• Homes that are listed in November and December
  usually have price reductions because they didn't
  sell at the buyer's asking price earlier in the
  year.

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• A good tip for house hunters is to make an offer
  on a home in January.

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• After the Christmas holidays, most people aren't
  actively searching for a new home.
• Most sellers are hesitant to list their homes in
  January.

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• Due to inclement weather and the fact that a lot
  of potential buyers aren't actively looking for a
  house, most homes don't show very well.

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• Since there's less competition for homes,
• a seller is more likely to accept your offer.

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• Another good time to buy a home is when it's more
  financially sound for you to own rather than rent.

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• You can make a comparison with a rental property
  and home for sale with similar features and in
  the same price range.

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• Divide the asking price of the home for sale by
  the rent for one year of the other home.

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• The best time to buy a home is when you're
  financially stable.

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• When your debt to income ratio is under control
  and if you're free of debt, you may start
  thinking about buying a home.

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• It helps if you can get pre-approved by a lender
  when you begin searching the real estate market.

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• You should put money aside for a down payment as
  early as possible when you decide to buy a home.

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• Ideally, a 20 percent down payment is preferable,
  but some lenders will approve you for a down
  payment of 10 percent.

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• If you're looking for an urban condo or high rise
  in Phoenix, Scottsdale or Tempe AZ contact the
  urban specialists at We Know Urban.

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• Their realtors are experts when it comes to urban
  living.

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• Visit the site to learn more about condos for
  sale. http//www.weknowurban.com/

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Will Daly, BrokerWe Know Urban Realty, LLC834 E
Claremont Street, No 3Phoenix, AZ 85014(480)
510-8755Email Will_at_WeKnowUrban.com