According to Realtor.com, summer is the most popular time of the year to buy and sell a home. While you might think that waiting until the market cools down before starting your home search is the better choice, there are some distinct advantages to buying during housing’s hottest season.
Inventory is broader. Because summer is the busy season, there are more options to choose from, which is especially good for buyers looking for specific aspects in a home. Plus, knowing there are more homes out there gives you leverage during price negotiations and peace of mind if your bid is rejected.
Buying and selling may be easier. If you need to sell your home before you can buy another, it will likely be easier during the summer because houses are selling more quickly and at potentially better prices.
School is out. This could be an advantage for buyers with children because their schedules will be more flexible. Kids can more easily attend showings, and there will be less disruption to their lives during moving time. Sellers with children may want to cement a deal before school starts again, which can also be an advantage for buyers.
You may get to see more of the neighborhood. Nicer weather will likely draw out the neighbors and their children, allowing you to get a better idea of the level of noise or activity in the community. Trees and flowers are also in bloom, so you can see what your prospective yard truly looks like.