When Is the Best Time to Purchase a New House?

Posted by on Thursday, April 4th, 2019 at 8:00am.

The Best Season to Buy Real EstateHow do you know when the timing is just right to buy a new home in Calgary? Is is the feeling that you have deep inside that carries you forward towards signing the contract on the dotted line? Could it be the finances finally fit together and you now have all of your ducks in a row financially? Probably it's a combination of both that are going to lead you towards making the decision to buy.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Knowing That The Timing Is Right

Most people that have been saving for a new place have an incredible feeling at some point that they are ready to go ahead and put down their down payment. It's usually been a long time coming and at this point there is a lot of excitement and some anxiety to go along with it! You'll know you're ready to take the plunge emotionally when the timing is right and sometimes it is right after all of your real estate financial goals have finally been met.

Reaching Your Financial Goals

When you have been planning, budgeting and organizing the finances for a new home you'll be tempted to buy your new place once you get close to meeting your goals. If you haven't reached the final figure yet there's absolutely no problem starting your house hunting early. You never know when the right deal will come along that could fit into your budget.

Just make sure that you have not only the down payment covered but the closing costs as well. You'll also need to factor in the costs of moving and any other miscellaneous expenses that may come up.

The Benefits Of Buying A Home In Different Seasons

There are significant price differences in the real estate market depending on the season of the year, and real estate inventory fluctuates dramatically depending on the time of year, as well. If you start your shopping at the right time, you just may end up with a bigger home for your money or you could end up saving thousands of dollars with your purchase. Now is the best time to take a good look at your budget to figure out exactly when you can leap into the real estate world and finally enjoy your own home.

Buying a Home in Winter

If you're in the market to buy a new home, when is the best month to make your new home purchase? The answer to that is simple. January is by far the best month to invest your money in a property this year. If you haven't gotten started yet, you may want to recent action to get the home deal on the table before the end of the month!

According to the Calgary Real Estate Board, the median home price in the city is almost 5% lower during the month of January. Homes in Calgary sell on average for $16,000 less at this time of year than they do during the other months. There is, however, a good reason for this lesser amount.

People are just starting to get back into action following the holiday season. In January, there is overall less activity happening in real estate and sellers are more inclined to take lower offers. With less people showing up for viewings, many sellers are getting anxious to sell their properties and are more willing to adjust their asking price.

Buying a Home in Spring

If you've been putting it off for the winter it's time to start your home shopping now. There are fewer listings to choose from in spring because more people are shopping at the same time, so if you want to have your choice of a great new home, now is the time to get on the bandwagon right now. Besides the low listings, here are a few other great reasons to get out there and start your Calgary home shopping now.

It's always a lot more difficult to look at buying a home in the winter months if you celebrate end-of-year holidays and face the onslaught of bills that come with this festive occasion. By spring you've usually been able to pay off all of the winter bills and are more freed up financially to look at taking on a mortgage without the dark thoughts of credit card debt weighing heavy on your back. 

Spring is the start of new growth and if you're ready to take a jump forward in your living arrangements this is the best season to do it in. Come out now while all the new arrivals are being added to the listings every day.

Buying a Home in Autumn

Summer has officially drawn to a close and we are now experiencing one of the most beautiful seasons of the year. The trees are proudly showing off their beauty through different color formations. It's the perfect time to take a drive to just marvel at the beauty of this season and it's also a fantastic time to consider a home purchase. 

Here are just some of the benefits of searching for a home at this time of the year.

In the fall, things generally slow down a bit. You'll be able to enjoy a more leisurely house-hunting experience and at the same time will be able to enjoy the fall beauty of these homes. A lot of homeowners decorate their residences in beautiful fall colors and some of the homes look absolutely stunning. It's a great time to step out and look for homes without having to fight against the summer crowds.

It's not too hot and not too cold outside. Your car motor will still turn on in the morning and you don't yet have to resort to a heavy winter jacket. It's still easy to walk out the door without having to put on boots and all the other winter gear that naturally goes along with the cold weather. If you are seriously considering a new home purchase, start your shopping now before the weather turns. It's a lot easier to get out and about to see homes in the fall than it is in the winter when the snow starts to fall!

The interest rates are good, the economic forecast for Calgary is great and there are plenty of homes on the listings to look through. Why not start your home shopping and experience for yourself all of these amazing benefits - and more?

Base Your Home Purchasing Timeline on What’s Best For You

When the timing is right you'll know it. Everything will feel right and you'll probably have an easier time finding the perfect home that you've always wanted once you start shopping.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

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