Spring is in the air, and the real estate market is buzzing!
Spring can be the busiest season in the real estate market. So what does that mean for potential home buyers? Well, there are advantages and disadvantages. We’ve complied a short list to help you determine is spring is the right time for you to embark on your home search!
Here’s our list of pros and cons:
PROS:
With spring being such a popular time to sell, the inventory can increase. Sellers are anxious to get their homes on the market.
When the weather is nice, homes are more accessible to inspect, and it can be easier to spot and potential problems.
If you are a family with young children, it can be a smoother transition to move the kids over the summertime versus the middle of the school year.
CONS:
There’s more competition amongst fellow buyers.
With increased competition comes less room to negotiate asking prices.
You’re less likely to find a “steal” with so many other buyers on the hunt.
Once you’re ready to begin your housing search, here are some quick tips for springtime buyers to remember:
TIPS:
Always remember to set a realistic budget!
Get your mortgage loan pre-approved.
Determine your needs and your wants and be prepared to make compromises.
Choose a good real estate agent who knows the biz and can guide you through this exciting time!
Whether you’re a buyer or seller, contact your local Nest Broker for more insight. We’re eager to help you live where you love!
Elise Gosselin is the Marketing Intern at Nest Realty. In her fourth year of studying English literature at the undergraduate level, Elise hopes to apply her talents in writing, communications, problem solving, planning, and creative arts and design while interning with Nest Realty.