Why You Should Start House Hunting in August

Posted by wadmin on Tuesday, August 7, 2018

Stone Bridge Mortgage_Why You Should Start House Hunting in August

 

In an earlier post we mentioned why fall is the best time to buy a house—and that means you want to start house hunting during August. Here are some of the best reasons to start house hunting in August.

IT’S ABOUT STARTER HOMES

If you are looking for a starter home, then you will be happy to know that inventory on starter homes peak in October through December. A starter home is any home listed under $232K. The inventory peaks in the fall—but the best time to buy is winter. Generally, prices drop during the colder season.

KNOW YOUR INVENTORY WHEN FALL COMES

Sellers get more serious during the fall. If you know which properties are considered summer leftovers, you have a little more leverage as a buyer. With a seller more interested in selling, you have a little more negotiation power.

SELLERS ARE WORN OUT

Most properties get listed in the prime selling times of spring. If they still have their home on the market they may have been overconfident about selling the home. They are more willing to bring a price down to match the market and to match their newly managed expectations.

Stonebridge Mortgage Group can help you get pre-approved for a mortgage and help with your real estate loans and other mortgage solutions, both residential and commercial. serve the greater Portland area and are in Gresham, Oregon.

Call us today at 503.661.5580

 

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