5 Things Buyers Should Know About the Spring Market

As our own Cynthia Froid is fond of saying, real estate isn’t only about location, location, location- it’s also about timing, timing, timing. The Spring market is on its way! But what does that mean for buyers? Read on for 5 things a buyer should know.

Sellers have returned

Between holidays and vacations, winter is always slow for real estate. This is especially true in the downtown market, where some sellers tend to winter in warmer climates. By the time the spring market starts those sellers have come back and are ready to list their homes.

the spring market starts Earlier than you think

The spring market has no official start time, but there’s often still snow on the ground. If you are waiting until May to start looking, there’s going to be dramatically increased competitions for the available homes.

Spring Market = More competition

The good news: there are homes available in the spring. The bad news: there are more buyers in the spring, meaning there’s more competition for homes. This is why it’s important for buyers to be strategic and decisive when looking.

Get your financial house in order

Because the spring market is blooming, you’ll want to make sure you have a clear idea of what you can afford, and how you will pay for your purchase. Whether that’s contacting your financial advisor to make sure that you have sufficient liquid assets, or talking with a lender regarding pre-approval and monthly out of pocket cost, your financial knowledge is power.

A buyer’s agent will help you strategize

If you’re looking to move in a particular time window, love a specific neighborhood, or have a dream list for your next purchase, a buyer’s agent can be your best ally. If you’d like to learn more about why, check out 3 reasons to work with a buyer’s agent.

Interested in purchasing this spring? Contact us to schedule a consult today.