Market Conditions in Fremont>Question Details

Shonaa,  in Fremont, CA

What happend in winter ? House prise low or high? If we want buy house what's the right time buy house

Asked by Shonaa, Fremont, CA Mon Jun 17, 2013

In fremont

Help the community by answering this question:


Hi Shonaa. The right time to buy a house is when YOU are ready and able to. Different markets in different areas of the country are constantly changing. In some areas, prices AND interest rates are rising, so the sooner the better may benefit a potential buyer. In some cases, a seller that has had his or her property on the market a long time may reduce their price in order to get the home sold. Each case is different.

As far as time of the year, that would depend on what part of the country. You may not be able to determine the true curb appeal of a home that is covered with 2 feet of snow, but that shouldn't be a problem in the Bay Area. Again, each area is so different than others.

I'd advise you get in touch with a professional Realtor in your local area. Best of luck to you!
1 vote Thank Flag Link Mon Jun 17, 2013
This market continues to surprise us. In 2011, it was a challenge to sell...then things started percolating in early 2012, and it has now turned into a buying frenzy where sellers hold the cards.

Both interest rates and home prices have gone up. That hasn't stopped buyers from attempting to buy a home primarily because the home prices are still lower than where they were at the peak in most places, but that is changing fast, too.

Rather than gambling on timing the market, look at your situation. Are you ready to buy? Are you already preapproved for a loan? Have you seen homes that fit your requirements and budget range?

Look at the COST to buy --- what you will need in terms of down payment and closing costs, and what your monthly payments will be --- instead of sales price alone.

Here's a blog that may illustrate this best

Good luck.
0 votes Thank Flag Link Tue Jul 2, 2013
Although no one knows what will happen in winter. But it's a safe bet the price will be the same or higher and interest rates will be higher. So there is no real need to wait. You should start looking and try to find the right home for your family.

Sit down and discuss the market with your Realtor and what will be expected in your price range. If you don't have a Realtor/Broker - you should meet with and interview several agents.

0 votes Thank Flag Link Mon Jun 17, 2013
I am not fortune teller but home prices are only going one way and that is up due to low inventory and low interest rate.Typically November and December are slow months in real estate due to holiday season.I hope this helps.Good Luck!!!!!
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0 votes Thank Flag Link Mon Jun 17, 2013
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