Best Time To Buy
It’s all in the timing…..we take a look at the best times to buy your dream property.
Buying a property is probably the biggest purchase that the majority of us will ever make, therefore it’s natural that everyone is looking to land the best deal. We musn’t forget, however, that at the same time the seller is looking to achieve the best possible price for their property. That said, does this mean there is a ‘right’ time to buy?
In our experience, whilst it’s important to note that there is no ultimate “best” time to buy or sell, it is a good idea to keep a close watch on the state of the housing market when making your decision. Demand and supply of properties, interest rates and the strength of the economy all affect the market. And there are also certain seasonal trends you can take advantage of. The time of year that you decide to buy can play a key part in how long it takes to find the ideal house at the right price.
Buyers generally prosper when the market is quiet. A lull in activity can make sellers anxious putting the buyer in a stronger negotiating position. During August people are often on holiday, spending time with their children during the school break or enjoying the British summer instead of house hunting. November and December are also sluggish months and in the run up to Christmas, vendors are particularly susceptible. They’re often keen for progress before festivities begin or the year ends, so buyers stand a good chance of having a lower offer accepted.
|
|
