When is the best time to buy a home?

WELCOME FUTURE HOMEOWNERS! I’m glad you could join me today

Welcome to yourrealestateacademy.com!

Where you will discover everything you ever wanted to know about real estate but were afraid to ask. Here is the place to ask questions and learn everything you need to become an educated real estate investor because owning your own home is an investment in your family wealth.

My name is Debbie McGrann. I am a real estate agent in Maryland and team leader of the Reap Advantage Team serving all 50 states. I created Your Real Estate Academy in order for potential home buyers to have a convenient central location with all the information available to you on your schedule.

My purpose is to teach you the home buying process step by step so you will start your home search with knowledge and confidence. I will have information available for you to download and review.

I have prepared a series of online lessons about the home buying process.

Today’s question is: When should you buy a house instead of renting?

If you are renting, you should buy a house NOW. Buy now to stop losing money paying rent- start building wealth for your family as soon as possible.

When is the right time of year to buy a home? In some areas of the country, the real estate market is seasonal. More houses are listed and sold in the Spring and Summer. The activity slows down during the Fall and Winter.

In my state of Maryland, it is common for families to want to be settled in their new home before school starts in September. This causes a very competitive market in Spring. As a buyer, if you can wait until after September to buy your home, you may have less competition from other buyers and lower prices. The high demand for houses in the Spring can lead to higher prices.

My example: My daughter and her family were searching for a new home. They had narrowed down their search to a specific neighborhood. However, when they were looking in the Spring, the houses were priced out of their budget. I told them to wait until September. I told them, “When the leaves begin to fall, the prices begin to fall”. That is exactly what happened! A house they liked came onto the market in October at a lower price and it was in their budget! They faced competition from another buyer but I was able to negotiate a good deal for the seller and my client, my daughter and her husband, got the house! They moved into their new home in November.

Sellers who list their houses in the Fall and Winter usually have a strong reason for moving. Maybe a job transfer or other life event where they can’t wait until Spring to sell their house. This is an opportunity for buyers.

In summary,

1. Buy your home as soon as you can to start building family wealth

2. Think about waiting until the Fall or Winter when there is not so much competition for houses and the prices may be lower.

Thank you for joining me today. I hope you found this class helpful. If you have any questions or suggestions, please contact me, my team and I would be honored to help

My goal for this year is to help 100 families become homeowners and get them started on building their family wealth!  Are you ready to one of my buyers?

Let’s get started today on your home ownership plan. Go on our website, Your Real Estate Academy. com and download all the free information I have for you. The videos are there for you to watch on your schedule. If you have any questions or suggestions, please submit them to me so I can help you.

If you are ready to start your home search,  please  call me for a buyer’s consultation and let’s get you started building wealth for your family through home ownership!  I look forward to hearing from you soon.