There is always competition for buying a home.
Thinking about buying a home this summer? The sunniest time of year is great for exploring new
neighborhoods and visualizing future patio parties during viewings. But before you start any serious
shopping, it’s important to understand what the housing market is like for buyers right now, and what
you can do to end up with the best home—and the best price—for you.
The housing market should be just as strong this summer as it’s been all spring. Existing home sales and
list prices have risen this year, and starter home inventory has plummeted by 14 percent as per the
Housing Market report. But there are perks to house hunting right now, too. Here are some facts and
tips to help you get the most out of this year’s summer housing market.
Summer Market Facts
Prices drop during the summer.
Summer may be a busy home-buying season, but it’s not as crazy as spring. In fact, prices drop from May
through October. If you can hang on until late August, you could find a really great deal—that’s when
nearly 14 percent of listings get a price cut.
Summer 2018 Homebuying Tips
Get to know the neighborhood.
In competitive markets, it’s tempting to make an offer on any available property that fits your criteria,
but if it’s in the wrong neighborhood, you may never end up feeling at home in your house.
Take the time to do some community scouting before making an offer. You might notice convenient
parks and new playmates for your kids—or be relieved to find more nightclubs than strollers on your
block. You can even find out what your future neighbors have to say about the area with the new What
Locals Say feature on listings throughout Getuhouse.com.
Make the strongest offer—even if it’s not the highest.
Obviously, now is not the time for low-ball offers. But the strongest offer isn’t always the highest one.
Everyone in the business says: “cash offers” are often the secret to a winning bid. “You can even actually
be the highest offer by thousands of dollars, and a cash offer may take precedence,” he says.
Sure, coming up with a cash offer could be tough for many buyers. But there are other ways to make a
strong offer that don’t require gobs of money: Including generous contingencies, like a shorter closing or
inspection period, and writing a great offer letter can help make your offer stand out.
Visit us on the web at: www.Getuhouse.com and speak with us so we may guide you in the direction to
be successful.
