It’s no secret the U.S. housing market has been heating up. In fact, since 2008 the housing market has grown up to 11.4%. With a low supply of homes and a high demand, it’s definitely a seller’s market.
A seller’s housing market can be challenging because of how much competition you’ll be going up against. So when would be the best time to buy a home?
When’s the best time to buy a house?
Different sources will tell you it’s the best time to buy a home during winter or spring because housing prices drop. But housing prices have also been known to fall during the summer months, specifically between May and October.
In fact, housing prices may be cut by up to 14% by late August, according to Trulia. Private mortgage insurance (PMI) also reportedly gets cheaper during the summer months.
Still, there’s a chance you might not find the best deal on a house during what’s dubbed the “best time of the year to buy a house.” And you might actually find a great deal on a house during the “worst time of the year to buy a house.”
So if the housing market still varies from season to season, how can you be sure you’re buying a house at the best rate possible?
How can I get a good deal on a home?
Whether you decide to buy your home in summer or winter, it’s important that you consider more than the state of the housing market when you’re considering buying a home.
To get a good deal in a seller’s market, make your strongest offer. It can be difficult to find a house in your price range in a seller’s market.
But that doesn’t mean you shouldn’t try. Make your strongest offer, even if it isn’t the highest bid. You never know when you might get lucky.
Consider buying newly built homes
The housing market can be tricky to navigate, especially now when it’s a seller’s market. But when you choose to purchase a home with the new home builders in Fort Worth TX at Camden Homes, you don’t have to worry about competing for your dream home. We’ll build it for you.
To learn more about our new construction homes in Houston, Fort Worth, or Dallas, contact Camden Homes today. With a new construction home, you can purchase a home that’s truly your own.