Why January or February is the best time to buy a home!

By
Real Estate Agent with RE/MAX Suburban

Most people think that 'spring' is the perfect time to buy a house. Well, that best time to buy a homemight be the time when most people 'think' of the idea but is it the best time?

No .... actually there is less competition in January and February and prices are usually at their lowest.  Prices here in the Schaumburg Area are usually pretty stable if not below what prices will be in the spring.

when is the best time to buy a houseThere are deals out there in the snow!  

 

You bet!  I wish I could get it through peoples heads that this is the time of year for action not hibernation.

The deals are all over the place & you have to be ready for them.  Get your pre-approval completed & get yourself in the game before the 'other people' show up to buy homes too.

The more people that are in the marketplace make prices go up which is usually what happens every 'spring' market.

Why follow the herd?

Prices right now are not set at 'the max' the market will bear.

Further reading from NerdWallet.

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lyn sims remax suburban  Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324
 
 
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Comments (5)

Jack Tenold
Jack Tenold LLC - Spokane, WA
Specializing in Reverse Mortgages

Hi Lyn....you make a good case for shopping in January and February. Business is sluggish those months so a shopper should get really good service from realtors and lenders alike.  Speaking for myself only, I sure wouldn't want to run around in the ice and snow (that we currently have) to look at homes.  Wishing you a busy and productive 2017!   

Jan 25, 2017 01:52 PM
Lyn Sims

Well, it's some long months (called winter) so you have to get out there & get the job done.

Jan 27, 2017 07:21 AM
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

Excellent points Lyn. The idea is to not follow the trend but go against what everyone is doing. I buy my convertible car is the dead of winter and my 4 wheel drives when it 95 degrees out and always at the end of the month. That's when you get the best prices.

Jan 25, 2017 02:35 PM
Lyn Sims

Those are some great ideas.

Jan 27, 2017 07:22 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

I think the best time to buy is when you are ready to buy. So now is a great time while others are still thinking about it.

Jan 25, 2017 04:10 PM
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

There are many good reasons why winter can be the right time to buy. Good article!

Jan 25, 2017 07:58 PM
Lyn Sims

Herd mentality with the spring market.

Jan 27, 2017 07:22 AM
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Action not hibernation - you've coined another great phrase, Lyn Sims!  I agree, who wants the spring market competition - it's crazy out there during the springtime!

Feb 02, 2017 05:39 AM

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