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What is the best time of the year to buy a home?

Posted by Michel B. on 12/09/2019

We should start from the basis that, to a large extent, the purchase is made by necessity and any month of the year can be good if an opportunity or the desired house is found. However, statistics mark some key months.

The figures show that summer has become a good time. As Carlos Smerdou, CEO of Foro Consultores, points out, “customers have time to” kick more areas “and see more homes that may interest them.

As they have vacations, they have greater time availability to make visits to the properties. To this is added, more tranquility and perspective to analyze and make such an important decision, since the purchase of a home usually causes a lot of stress.

In addition, summer is a good time to review objectives, and many families decide to change their homes and look for a new larger apartment or in an urbanization with a swimming pool. A house with a swimming pool, terrace or sports facilities attracts more buyers in the city and, above all, on those dates.

Another important point is that real estate portals are still working. They do not close and it is even when more visitors receive. Users who use these portals are potential customers with a greater interest in looking for a new home. And, in fact, the offer is usually more abundant, greater competition and greater possibility of negotiation.

August and september

But it is not only the beginning of summer. The data from Foro Consultores (based on our transactions) show that the months of August and September have also become a good time for home purchases and in recent years operations have increased.

Spring reactivates the market

In general, the arrival of spring reactivates the real estate market. And from that moment, they are very active months for both first and second residence. The reasons are several.

On the one hand, we find that there are many vendors who prefer to do their homework before going on vacation, which expands the offer in the market. In turn, the buyer, if he is a first-time resident, considers that it is a good time to buy, because that allows him to do works if necessary or change his children from school for the following course. Two elements that together help those months to be good.

And for those looking for a second residence, this is also the right time. Holy Week reactivates the purchase of this type of housing after the winter slowdown. In this way, they can now enjoy the new home on summer vacations.

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