Arnold Richie, RealtorÂ®
Terry Burnaman Realtors
Anytime is a good time if your ready. The markets are generally heating up and favoring the sellers at this point (Spring, 2013 Houston), but there are still some great opportunities. Interest rates are still low so more affordability, but not as many homes for sale...so more buyers going after fewer homes causing prices to go up.
There are advantages/disadvantages depending on the time of the year. Spring/Summer is typically when we will see the most number of homes coming on the market. However, there are more buyers in the market looking and trying to time their move with school summer breaks.
Fall/Winter months are typically slower in the number of buyers looking, so less competition. But there are also fewer homes on the market as many sellers have sold and others have pulled their homes off the market for the holidays. If the sellers stay on the market during those slower months, they typically will be more willing to negotiate with buyers.
Get with a seasoned agent and they can guide you through the process as well as the "timing" issue. Getting pre-qualified for a mortgage is your #1 concern at this point. Let us know if we can assist you.
Bernstein Realty, Inc.
Forget about interest rates, the time and season of year. The best time is when you are ready. Do not let outside or market factors that you cannot control influence your decision. Of course, make sure that you are financially able and if so pull the triger. Call us, Home Dunn Right at 832-541-7466 and we will guide you through the process.
Interest rates have been low for quite some time ... but this is now the traditional "selling season," when more homes generally come on the market. You'll have more to choose from, especially since inventory has been depleted for several months. A word of caution, however ... be prepared to act as soon as you find the home you want. Carolyn is absolutely correct about having your down payment and pre-approval in place. We're now in a sellers' market, so prices won't be as low as they've been ... but for every additional $1000 on your loan, you'll likely be paying under $5 more per month. If you're ready to begin the process, I'd love to work with you. Please get in touch, so we can begin.