WHY IT MAKES SENSE TO MOVE BEFORE SPRING

Moving before the spring market picks up can be a smart choice. While many buyers believe that spring is the best time to find a home, there is often fierce competition during that time. By moving before spring, you can avoid this competition and potentially find better deals. Additionally, current market conditions are favorable for buyers. Buyer demand is low, motivated sellers are more willing to negotiate, and affordability is improving. However, these advantages won't last forever, so it's important to act now if you're ready to buy a home. Working with a trusted real estate professional can help you navigate the current market conditions and make the best decision for your situation.

Spring is typically the busiest season in the housing market, with many buyers waiting until then to make their move. It is believed that spring is the ideal time to find a home. However, choosing to buy a home during this time can also mean facing stiff competition from other buyers. This is why it may make sense to consider moving before the spring market picks up.

During the spring, there is a surge of buyers entering the market. Experts predict that this year will be no exception to this trend. Currently, buyer demand is low due to the combination of normal seasonal trends and the impact of a rise in mortgage rates last year. However, rates have started to decline since November, leading to an increasing number of potential buyers planning to enter the market. For those who are in a good position to buy, this presents an opportunity to act before the competition becomes fiercer. Affordability is also starting to improve, although demand is currently low. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), notes that sales are expected to pick up soon due to the decline in mortgage rates.

Acting now means taking advantage of the current sellers' market. With low demand from buyers, sellers may be more motivated to negotiate and work with you. In fact, this winter has seen more concessions given to buyers by sellers compared to previous quarters. But it is important to keep in mind that these advantages won't last forever. Waiting until spring could mean facing increased competition and less motivation from sellers to negotiate with you.

To make the best decision in your local market, it's essential to work with a trusted real estate professional. Their expertise can help you navigate the current market conditions and determine if moving before the spring market picks up is the right choice for you. Overall, acting now can potentially lead to better deals and more favorable terms when buying a home.