Marketing Consultant Jennifer has experience in graphic design, brand development, and digital media. She is passionate about architecture, typography, and black & white film photography.
Hands down, one of the biggest myths in real estate is that spring is the best time to shop for a new home.
Sure, there is a little bit of reasoning behind this misconception: that people are more inclined to buy a house when it warms up after months of being indoors during the winter or that people want to move-in before summer so they can go on vacation and not have to worry when school starts again.
While those are perfectly good reasons for you to choose to buy a home in spring, it doesn't make it a better time to buy.
The truth is, you can buy a home during any month in the year and it will be the best time - or the worst time - depending on your unique situation.
The right time to buy a home is when it makes sense for you, your family, your budget, your goals and honestly, when it feels right - regardless of what time of year it is.
What is the best time a year to buy a house?
The upside: Historically there are less homes on the market in winter, which can mean more competitive pricing.
Winter is a great time to get started on building a new home, it'll be done just in time for spring so you can move-in once it warms up a bit.
The downside: It's cold outside so homes won't look their best - with native plants and grasses going dormant, you won't see the instant curb appeal that you do in spring & summer.
The upside: There'll be more homes available than any other time of year, giving you more selection to choose from.
The downside: There'll be more competition from other shoppers and you might miss out if you don't act quickly.
The upside: Less construction delays due to inclement weather, aside from the occasional summer rainstorm...
The downside: Temperatures are on the rise and you may not have time for your usual summer vacation. Kids are out of school, too, which means you might be distracted.
The upside: With less people buying, you can save on movers - and after you close, you can take advantage of annual furniture sales.
The downside:Moving over the holidays can be a lot to manage.
It is also worth mentioning that a lot of potential homebuyers get caught up in trying to time the market - there is nothing wrong with this if you truly understand the economics behind it; however, the impact is usually negligible and just adds a layer of stress and frustration that you don't really need.
It is never too early to start researching your options and get a better understanding of what goes into building a new home:
Editor's Note: This post was originally published in October 2017 and has been updated to reflect the most accurate information.