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When is the best time to buy a house?

“Always pick your yard based on your Summer lifetstyle.”

~ KARL

January 15, 2018 - Karl Yeh

So you're ready to buy a house? Wondering what the best time of year or month to buy a home? In this episode, we explore the best time to buy, does the type of home matter when looking at best time to buy, and what about new home vs. resale?

Prefer to listen?   

Transcription:

Karl Yeh:

Hi everyone and welcome to another episode of Homebuyers School.

Today I'm joined by Kevin French with Remax Realty and the question that we're gonna answer is:

When is the best time of year to buy a house?

Kevin French:                       

Best time of the year would be the Spring market.

There's more options available for buyers, you can see the property, and you can properly inspect the property. [00:00:30]

There's so many people that are waiting to sell, they've went through the Winter, they know they want to do it when their property's gonna show in its best light so they list their property in the Spring, there's just plenty more options available.

Karl Yeh:                                  

So if I need to sell my home really, really quickly, like still the best time would be the Spring?

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Is there any issues selling my home in the Fall or the Summer?

Kevin French:                       

No, absolutely not. You can list your home anytime of the year, it's just a matter of how much competition you're going to have at the time and how well your property's going to show.

Karl Yeh:                                   Okay.

Kevin French:                       

Of course going into a property with a great view on a sunny day with no clouds [00:01:00] is best.

Karl Yeh:                                 Probably.

Kevin French:                        Going into a property during a snow storm-

Karl Yeh:                                Probably not the best.

Kevin French:                        It's the exact same property it just doesn't show in its best light.

Does the time to buy a new home affected by the type of home such as single family, a town home?

Kevin French:                       

Yeah if you're purchasing a single family home it's more important that you try and do it anytime other than the Winter so that it can be appropriately inspected.

Karl Yeh:                                   Okay.

Kevin French:                       

If you're purchasing a town home or a condominium, [00:01:30] something that is managed by a condominium corporation that's significant different in most cases.

The exterior of the building, the windows, the roof, the highest expenses that you're gonna incur are going to be taken care of by the condo board or the condo corporation I should say.                                  

Does it also affect the time to buy a new home whether it's a resale on a new home?

Kevin French:                       

Well if you're purchasing a new home then that's significantly different.

If it's going to be a spec home which is built to the latest [00:02:00] code and it's going to be brand new, it's gonna be completely finished or it's going to be a new build where it's just essentially a piece of dirt at this point and that's where the home's going to go.

That could be purchased any time of the year because realistically when you're actually viewing the home that's going to built to the latest code that home is going to be-

Karl Yeh:                                 Exactly.

Kevin French:                        Throughout every season really.

Karl Yeh:                                 

Yeah. What about a resale? Is it when you're buying and ... like a resale. Is there a good time to actually to view that home? It's [00:02:30] the same thing Spring, Fall?

Kevin French:                        Yeah, it's the same thing.

Karl Yeh:                                 Okay, perfect. Anything else to add?

Kevin French:                        No.

Karl Yeh:                                 

Perfect. Awesome. Well thank you very much Kevin, thank you very much for joining us, and we'll catch you next time.

 

Your turn:

Let us know if you have additional homebuying questions that we can answer by submitting them in the comment section below. 

Homebuyer's School publishes new content weekly so subscribe or check back regularly for the latest information, strategies and tips from homebuying experts. 

About Kevin French:

Kevin French is a Calgary and area based realtor with a client focus.  He specializes in a stress free home selling process that is built on customer service.  Understanding that your home is one of your largest investments, Kevin employs a marketing mix that ensures you will maximize returns on your home sale. Diligent market research coupled with an in-depth understanding of the Calgary and area markets, allows Kevin to pinpoint the perfect price for your home.

In addition to perfect pricing, Kevin offers a suite of additional services such as professional photography  and an interior designer to ensure your home shows its best. Kevin French has become a trusted name in real estate because he is results driven and works closely with his clients to produce the best results.

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