When Is The Right Time To Buy?

Is now the right time to buy your first Cleveland home?

As a Realtor with over 17 years of experience, it’s always a great time to buy a home if you buy the right home at the right price in the right location. Despite what you may have heard, the state of the housing market is strong, especially here in the Cleveland area. Plus, attractive interest rates, flexible financing options and a superior inventory of Cleveland and Northeast Ohio houses for sale make buying your first home now a smart decision.

So how do you make sure you’re buying the right home at the right price in the right location? When it comes to making one of the largest investments one might make in a lifetime, there are no easy answers. I recommend you take your time to become familiar with your financial situation, evaluate your housing needs and select an experienced real estate agent who will help you through the complicated process of buying your first home. You will be spending lot’s of time with your agent getting pre-qualified for a mortgage, and searching for homes. Be sure you select the right Realtor for you. After you have finished reading this article, you may want to read “ Why Do I Need A Realtor?”

Is there a better time of year to buy my first home?

Some experts will tell you the best time to buy is during the winter holiday season. There are fewer active buyers looking during this time of year, so there is less competition from other buyers. You may find the selection of homes for sale to be slight lower during this time of year however these sellers are usually highly motivated.

Inclement weather during the winter months may expose serious water related issues if you view homes during this time of year. Better to spot leaky roofs and bad drainage problems before you buy than to deal with these issues after you have closed and taken possession of the property. (Always secure a home inspection!)

Spring into action

Traditionally, the spring and early summer months are the most popular for buying a home, however, many buyers prefer to do their home buying in the middle of summer when the market is typically slower. Many homebuyers as well as agents take vacations from July to August. Competition from other buyers might wane temporarily during this time of year. For those buyers who need to relocate with kids, late summer is their last opportunity to move before school starts.

While the greater Cleveland real estate market may experience seasonal highs and lows, the reality is homes sell all year long. For many buyers factors like job security and the general economic condition of our area can have more impact on a buyer's decision to buy than the time of year.

The Cleveland area first-time homebuyer specialist

As a Cleveland area first-time homebuyer, you deserve a dedicated buyer’s agent who will help you through every phase of the homebuying process. Before you shop for a home, make sure you have the right Realtor working for you. As your Cleveland area first-time homebuyer’s specialist, your real estate buying needs will always be my first priority.

If you are thinking about buying your first Cleveland area home, contact me today and we will meet to discuss your homebuying options.

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