When Is the Best Time to Buy a Home?

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A lot of people have been asking me lately, "When's the best time of year to buy a home?" My answer is September! Why?

For one, there's peak inventory in August. This means there's the highest number of homes available on the market.

Another reason why September is a great month for buyers is there's less demand, which means less competition.

Also, interest rates remain historically low. Interest rates still hover around 4%, and you can get more house for your money with these low rates. There are signs that rates may rise soon, so September is a good time to take advantage of the current rates.

These factors will probably continue into October. Generally, the winter season is when the buyer has the most power. However, a lot of people take their homes off the market in order to avoid moving during the holidays, which means there's less inventory.

All in all, if you're thinking of buying a house, now is the time. If you have any questions, give me a call or send me an email. I look forward to hearing from you!