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Proven Tips And Tricks For Buying A Home In Spring

Holly Shuffett5-Minute Read
February 05, 2021

For many, springtime means sun, flowers and excitedly making plans for the summer. But if you’re in the market for a new home, springtime for you could look like open houses, bidding wars and competition for homes you want. That competition can make getting into the home of your dreams more difficult, but it’s not impossible. You just need to be prepared.

Here’s a guide to help you understand the spring real estate season and determine whether you should be buying in the coming months.

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When Does The Spring Housing Market Start?

For most regions, the spring home buying season begins in April and lasts until June, with July marking the start of the summer housing market. But if you’re from a warmer area, the spring season may begin as soon as January and last until May; if you’re from a colder region, your spring market may be much shorter depending on the weather, as it will coincide with the melting of snow.

During this period, the supply and demand for housing can be frenzied – that’s fueled by warm weather, lush lawns and easier access to open houses. That warmer weather can also fuel an influx of new listings, giving buyers more homes to choose from.

Why Is Spring A Good Time To Buy?

The National Association of REALTORS® finds that home prices are highest in the summer and lowest in the winter, leaving fall and spring somewhere in between.

But despite the low prices you may find in the winter, for many, difficulties lie in traveling to open houses across icy roads or through snowy weather. Since the days are also shorter, it can be difficult for the home buyer to visualize everything that a property has to offer against dark skies. Not to mention, the winter months are usually hectic enough with the holiday season in full swing.

During the spring real estate season, things like road conditions, holidays or weather most likely won’t pose an issue. Moving either by yourself or with a moving company shouldn’t raise any safety concerns – although you may have to pay a moving company more than you would in their off-season.

In the springtime, prices aren’t at their peak yet, and you may be able to get a great deal on a stagnant listing that didn’t sell throughout the winter.

Tips And Tricks For Navigating The Spring Housing Market

When it comes to buying a house at any point in the year, you want to do everything you can to get the best deal and have a seamless transition into your new home. Here are some best practices to help guide you when buying a home in the spring:

Research Your Options

With the potential for an overly competitive market in the springtime, it’s of the utmost importance that you’ve done your research and know exactly what you want. Being decisive and prepared can be the best way to edge out other offers or snag your dream home before the price goes up.

Here are a few factors to research well before participating in the spring real estate season:

  • The features you want in your dream home
  • The locations and neighborhoods you’re interested in
  • The value of other homes in the area
  • What the neighborhood and/or community has to offer
  • Crime rates and reports according to the local police department
  • The school district and its ratings
  • The downtown area and local attractions

The more you can research before you start house hunting, the easier it will be to identify the right properties for your needs.

Figure Out Your Financing

It can also be beneficial to have your loan options sorted well before entering the spring real estate market. You’ll want to apply for a mortgage preapproval before you start touring homes and attending open houses. This way, you’ll know how much home you can realistically afford, as well as which lender will give you the best rate and lock in your interest rate.

Work With The Experts

Buying a house on your own is possible, but it’s far more difficult than it is when you have a knowledgeable expert on your side. Let’s look at a few you’ll want to work with throughout your buying experience.

Real Estate Agent

Before entering the spring real estate market, you should consider working with a real estate agent. Real estate professionals can offer you in-depth knowledge about an area and even get you your dream house based on non-price-related negotiations, like an extra moving day or a more flexible schedule.

Real estate agents are also valuable if you get caught in a bidding war or are worried about paying more than the home is worth. They can conduct a comparative market analysis (CMA) for you, and offer estimates and connections for any renovations that might need to be done.

Home Inspector

You might want to consider also enlisting the help of a home inspector for the spring housing market frenzy. Unlike in the summer or winter months, spring’s mild climate may not highlight any potential issues.

A home inspection can bring to light any issues with the structure, core systems like the plumbing and HVAC units, windows and window frames, and any other features that might influence your decision to purchase the home.

Your Potential Neighbors

The very people who live in an area are the perfect candidates to ask about any concerns – check with other moms about the quality of the school district or ask local business owners how busy downtown may get.

Locals can offer you expert insight on a community – flaws and all.

Stand Out With A Verified Approval Letter (VAL)

Due to the influx of buyers during the spring real estate season, you’ll want to do everything in your power to give yourself a competitive edge and make your offer stand out. One sure-fire way to do so is by being prepared with a Verified Approval Letter (VAL).

A VAL is an effective way to boost your credibility as a buyer. Having a VAL on hand will show the seller that you’ve made plans for financing and are serious about the purchase.

Since financing issues are a common culprit for many failed home sales, presenting a VAL will give your seller peace of mind – and just might land you the sale.

The Bottom Line

Buying a house at any point in the year can be stressful, with each season presenting different pros and cons for home buyers. But so long as you know what to expect in the spring real estate season, you should be able to make a deal on a home you love.

If you’re ready to buy a home in spring, don’t leave things up to chance. Get preapproved for your mortgage now and be ready to make an offer as soon as you find your dream home.

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Holly Shuffett

Holly Shuffett is a staff writer who writes with a focus on homeownership and personal finance. She has a B.A. in public relations from Oakland University and enjoys creative writing and reading in her free time.