If you or someone that you know is considering purchasing a home this coming summer, it’s important to keep in mind exactly how the market currently looks right now, as well as the steps that you can take to ensure that you find the right home at the right price.
Here are three things to keep in mind in regards to purchasing a home during the summer.
Prices Decrease During the Season
Even though more home buying generally takes place during the summer, the overall prices of them actually decrease during the same season. In fact, approximately 14% of all home listings receive a price cut by the time August comes around.
Consider Purchasing a Fixer-Upper
It’s always a good idea to be as flexible as you can when it comes to purchasing a home. Part of that process could include considering the purchase of a fixer-upper; however, if you’re someone who absolutely does not want to do this, it’s highly recommended that you move as quickly as you can, because there may be only a couple of different options available at one time.
Become Familiar with the Neighborhood
Prior to making any kind of an offer on a home, take the time to check out the neighborhood it’s situated in. This could include checking out parks, schools, etc., as well as talking to other residents and getting their input on the neighborhood itself.
Thank you for visiting the Harrell Property Group’s blog, a Fort Worth real estate firm. If you are looking to move to the Fort Worth area, contact one of our realtors today!