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Why You Should Buy Now

Wednesday, February 06, 2019   /   by Holly Northup

Why You Should Buy Now

There’s no reason to wait until Spring 2017 to buy a new home!!!

In fact, per a recent article on Inman.com, January and February are two of the best months to purchase a home in the year.

Obviously, the best time to purchase a home is when your specific circumstances are aligned with needing to buy.  However, if you are waiting for the best season to purchase a home, you might just find that we are in it right now!

Many people assume that the spring and summer months are the best time to buy and sell homes.  However, due to the competition in the market this might not always be the case.  Plus, if homeowners need to sell in the fall and winter months, they might be a little more willing to negotiate with buyers.

The Inman.com article’s top three reason to purchase a home in January and February included:

  • Fewer buyers to compete against

  • Lower home prices on average

  • Impending higher mortgage interest rates

The article was also backed with data from Nerdwallet (a personal finance website) and Realtor.com that we thought you might find useful.  This information included:

  • In 50 of the most populous metro areas in the U.S., the median home sold in January sold for approximately $7,000 less than the listing price.

  • Mortgage rates are expected to rise as high as five percent this year.

  • Home prices in January and February are usually about eight percent lower than prices in July and August which are two of the most popular homebuying months.

For the full article on Inman.com, please go to http://www.inman.com/2017/01/23/nerdwallet-january-february-prime-months-purchase-home/.

If you are looking to buy or sell this year, The Bucher Group offers unparalleled service. Your complete satisfaction with our service and representation is our number one priority.

The Bucher Group serves the entire Austin Texas real estate market including Westlake, Barton Creek, Tarrytown, Downtown, Lake Austin, Lake Travis, Lakeway, and Round Rock.

Please contact Kathleen Bucher at KathleenBucher@mac.com or 512.794.6644.  It would be an honor to earn your business!
The Bucher Group | Austin Portfolio Real Estate
Kathleen Bucher
1801 S Mopac Drive Expy, Ste. 100
Austin, TX 78746
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Based on information from the Austin Board of REALTORS (alternatively, from ACTRIS) for the period through 2020.® IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data last updated: January 21, 2020 Texas law requires all real estate licensees to provide this link to Information About Brokerage Services:www.trec.state.tx.us/pdf/contracts/op-k.pdf