Thinking about buying a home during the summer? Summertime is an excellent season for house hunting and exploring new neighborhoods, as the warmer weather is perfect for looking at homes. It’s also a great time for sellers to put their homes on the market since houses tend to show better during the summer, with exteriors enhanced by lush green lawns, trees full with leaves, and blooming flowers.
Before you take the next step however, it’s important to get information that can help you navigate the real estate market during this time of the year. Here are some helpful tips for you to keep in mind:
Look for Older Listings
While the housing market typically peaks during the spring, not all home sellers get an offer by the end of the season. This makes summer an ideal time to search for homes that have stayed on the market for around 50 to 60 days, as sellers are more likely to drop their price.
With some luck, you might be able to land a good deal before price reductions get the attention of other home buyers.
Keep Your Eyes Open for “Hidden Gems”
There are plenty of great bargains available during the summer. But first, you need to know how to find them.
These bargains can include homes that were unsold during the past couple of months mostly since they might need work or were overpriced. This means you may need to look beyond certain negative elements such as outdated kitchen appliances or worn-out floors. If faced with a decision, it’s better to get a home that’s not in tiptop shape over one in a poor location. You can always improve a home’s condition later on, but there’s nothing you can do about its location.
However, you should avoid properties with major problems, such as roof damage, faulty heating systems, structural issues, or improper electrical wiring.
Get More Information on the Neighborhood
Once you’ve found a home that matches your criteria, making an offer immediately can be quite tempting, especially if you’re buying in a competitive market. But don’t forget about its location – you’ll end up regretting your decision if you buy a home in the wrong neighborhood.
Remember to take time to scout the community before you make an offer. Talk to some of the locals, visit the schools, drop by some of the nearby parks, and explore the area during different times of the day to get a better feel for what it would be like if you lived there.
Work with a Local Real Estate Expert
Timing is everything when you’re buying a home during the summer, so you want to work with the right agent. You’ll be able to get a home that meets all of your requirements and preferences if you find an agent who can provide accurate information as soon as a home hits the market.
Looking for homes in Bridgewater, Warren, Basking Ridge, or other sought-after communities? Get in touch with Pagnotta Homes today at 908.436.7947, or send an email to info(at)pagnottahomes(dotted)com.
