Summer isn’t just the warmest season of the year, it may also be the hottest time for the real estate market. There’s a good reason for that. Whether you’re buying or selling a home, summertime offers several advantages. Here are the top benefits of pursuing your purchase or sale in summer.
There are more options
As one of the busiest times of the year for real estate, summer means more choices. When buying a home in summer, you can expect to have more properties to choose from than during the low season. And when selling your home, summer offers a better chance to receive multiple offers on your property thanks to the greater number of buyers in the market.
School’s out for the summer
If you have school-age children, managing a real estate transaction during the school year can be a challenge. Even if there are no students in your household, summer may mean that the other side of your transaction has one fewer hindrances to complicate your deal.
The weather may be nicer
Depending on where in the country you’re home shopping, summer can be the nicest season for perusing properties. With no winter chill to endure or snow to obscure exterior space, your house hunting can be far more enjoyable and productive.
While home prices are often at their peak in the summer, the difference in your area may be negligible when it comes to the benefits listed above. And if you’re selling a home in addition to buying, the boost to your sale price could very well balance out any added cost to your purchase. Happy hunting (or selling)!