They say the best time to buy a new car is during the fall or holiday season. The best time to buy school supplies is towards the end of the school year. There is always an “off season” or a “down season” for most industries but what about when it comes to the unyielding field of real estate? When is the best time to buy a home?
If homebuyers in Florida know one thing—it’s that during the summer time the housing market slows down and many seasonal Florida dwellers are moving back up north to escape the summer heat. With that fact at hand, homebuyers also should note that that means they could be eligible for the very best real estate deals with the home-seekers thinning out over those few months.
Some brokers offer perks that include the option of having them pay off the remainder of a lease if you’re renting, and there are always fantastic financing opportunities that buyers can take hold off during the summer months. There are always deals. There are always homes waiting to be bought with ways of becoming financially affordable.
Florida is quite unique from most of the rest of the country in terms of real estate buying cycles. Because of our climate, the peak season to buy homes tends to be during the fall or winter months. However, that time can get saturated with copious amounts of transient home buyers from up north. That being said, this opens up deals in the summer months for those looking to buy. Plus, if you have kids at home and are looking to buy, the summer months just make sense, as well. There are quite a few benefits of searching for homes during May, June, July and August.
Many think some cream of the crop listings may be taken down during the summer but that is solely a myth. In fact, what we have seen is the more serious shoppers go full throttle during the summer months. The fact of the matter is, you and only you will know when you’re ready to buy a home. However, it is clear that you should not shy away from shopping during the summer time if that’s when you want to look for a home.