When I am asked by clients and potential clients contemplating a buy or a sale, “Is this the right time?” my answer is usually an unqualified, “Yes.” If you need or want to buy or sell a house, now is always the right time.
Interest rates change. Inventory, and other market conditions change. The general economic outlook changes. But trying to game that out waiting for THE ideal moment almost never works. The only thing we can always expect is the unexpected.
All that notwithstanding, there may be a bit of nuance here …
Best Week to Buy a House? A recent realtor.com article points to localized market trends that indicate there is, on average, a prime week in the fall when inventory peaks and demand remains steady, making it the best time for buyers to make a move. According to the article, the week varies from one metro area to another, and here in Nashville it seems to be October 12-18.
So, buyers, let’s jump on it!
Are you ready to buy?
Get pre-approved
Several years ago, during the snatch and grab era, beginning with this step was absolutely essential. No one would even look at an offer that didn’t come with a pre-approval letter. But, it’s still a good idea to start here. Sending a pre-approval along with an offer gives the offer instant credibility, and it may allow you to beat out a rival buyer. Furthermore, it tells you how much house you can afford – a vital piece of the puzzle!
Scan the market – know what you want
I’ve never worked with a buyer – including myself! – who didn’t learn things, shift opinions, and modify desires somewhat during a search. On-line tools are wonderful, but nothing will ever replace an in-person visit to the property to see and feel it for yourself. That said, narrowing things down as much as you can before trekking all over Middle Tennessee looking at all sorts of properties, will make things easier, clearer, and successful sooner.
And go!
Grab a wonderful, hard-working realtor (I know one I can recommend) and hit the trail. The right one is out there, and according to the stats, your chances of landing it are good this October!