Most people would ask when the best time to buy property is. However, there really is no “perfect” time to buy a property, but there are some factors that would affect the value of houses. Thus, there are times when you can purchase a property at a much lower price.
Obviously, you’ll want to buy property when the price is down, so the question would be when that is. According to a study made by real estate website Zillow, the best time to buy property would be in August and September because this is the time when brokers make the most reductions in house prices. 15% of active listings had price reductions in these two months.
What’s the reason for this answer?
Somehow during these months, there are fewer prospective buyers and many sellers. In order to sell off homes during this season, home owners and brokers would give lower prices. After all, cheaper offers attract buyers.
Why are there few buyers in August and September?
August opens the fall and winter season. There are rarely people who want to leave their current abode in search for a new one in fear of getting left out in the cold.
So if you’re looking for a good home and also looking for a good bargain, then you’d best wait for August and September to roll in.