Buying a home in the summer can come with some challenges. However, if you are diligent and willing to move fast, there are some great deals and properties available. As your premier realtor who specializes in Brea properties, I would like to share the following tips to help you buy your dream house this summer.
Typically, there are more properties available during the summer. Many sellers want to get a deal done and the summer months offer more flexibility for both buyers and sellers alike.
- Kids are out of school.
- People usually take holidays over the season.
- It is easier to get out and look at various properties with the longer, warmer days.
This increased inventory does not necessarily equate to a great deal, but it does give you, the seller, a wide range of property options to choose from. If you are picky about what you want and have a list of deal breakers, then the summer Is probably the best time to find that perfect home.
More inventory and nicer weather also means more competition. You are not the only buyer looking to take full advantage of the summer real estate deals. When you find that perfect home, it is a good idea to act quickly and put in an offer. You will want to avoid getting involved in a bidding war and watching the asking price soar out of your price range.
When looking at specific properties, pay attention to how many days that home has been on the market. The longer a property has been on the market, chances are, the more eager the seller is going to be to negotiate and make a deal.
Here’s the deal:
Homes that have been on the market for over 6 months usually present the best deals and opportunities.
Consider the Cycle
Different properties have different selling cycles. Stand-alone, single-family homes usually parallel the school season. If you are looking at buying this type of home, you may be able to take advantage of the summer real estate market as the sellers will want to be settled in their new home before the start of the next school year. While apartments and townhouses are geared towards young professionals and will have a different cycle.
The Right Agent
Finding the right real estate agent can make all the difference when buying a home in the summer. The right agent is one who has many years of experience and is familiar with the area and its various neighborhoods. They will also understand the quirks in the local market and how to get you the best deal possible on your dream house.
These tips should help you not only find but also get the best deal on your Brea house this summer. If you are interested in other home buying tips or would like to see some of the summer real estate inventory that is available in and around Brea, please contact me today. I look forward to hearing from you soon.