Spring is one of the busiest seasons for home buying, but is it the right time for you? Here’s a breakdown of the current market trends and mortgage tips to help you decide.
Why Spring is a Popular Time to Buy:
- More Listings: Many sellers list in spring, giving buyers more options.
- Better Weather for House Hunting: Easier to explore neighborhoods and attend open houses.
- School-Year Timing: Families prefer to move before summer to prepare for the next school year.
Current Market Trends:
- Home Price Fluctuations: Prices may rise due to demand, but negotiating power can vary by location.
- Competitive Offers: Buyers should be prepared for multiple-offer situations in hot markets.
Tips for Buying This Spring:
- Get Pre-Qualified Early – Secure financing with a mortgage pre-qualification to stand out in competitive situations.
- Set a Budget & Stick to It – Factor in property taxes, insurance, and maintenance costs.
- Be Ready to Act Fast – Homes sell quickly in the spring; work with a lender who can provide quick approvals.
- Consider Off-Market & New Construction Homes – These options may offer less competition.
- Work with a Trusted Lender & Realtor – Having the right team can make all the difference in securing your dream home.
Spring can be a great time to buy if you’re prepared! Want to start your home search with a solid financial foundation? Get pre-qualified with Tidewater Mortgage Services today.
