Buying Homes in Summer vs Winter
Houston is a great place to call home, and being the fourth largest city in the nation, the economy is booming to support every job type. Families tend to love the abundance of schools and adventure-seekers can find something to do around every corner. The warm weather brings in many tourists and new opportunities for residents wanting to get away from the cold temperatures. When it comes to houses, there will always be plenty to choose from that will meet your needs and expectations. With so many types of houses from ranch-style to lofts, Houston is sure to offer you everything you need. One of the most important questions to consider when moving to Houston is "when is the best time to buy a house?" There is no right or wrong answer to this question, but there are answers that might help you make your decision.
Like most real estate markets, the price of a home will fluctuate depending on the season. Typically, home shoppers look for homes during the peak months in the spring and summer. During this time, moving costs tend to be lower especially for families, because children are not in school. However, with the market being hot during these times because many people are looking for homes, the price of homes tends to rise. More homes will likely be available during spring and summer, but prices will be higher. If you intend to buy a home for a cheaper price, you might want to consider buying in the fall and winter. Studies show that homes being sold in January will cost significantly less than they would during the warmer months.
Before buying your new home, it is best to research homes for sale in the communities you are interested in. Many communities are growing due to the influx of residents in the Houston area. The favorable weather and affordable housing bring in people from all over, including California. While housing is more affordable than in most places in the nation, buyers should be aware of Houston property taxes. Texas does not have a state income tax, but homeowners will have to pay local property taxes in Harris County. Monthly mortgage payments in this area could vary by hundreds of dollars. Houston’s property taxes are specific to each property, but the overall price of a home is relatively affordable compared to other cities in the nation.
Overall, Houston is a place that 2.3 million call home and it is a great spot for families looking for a new start. Like most cases, buying a house depends on your priorities and situation. In Houston, the best month to find homes listed at a lower price is in January. Houses will start to flood the market in April, but prices at this time will typically be higher than in the winter months. The best time to find a great mortgage rate is in December. Before looking for a new home, it is best to get pre-approved by a lender and look at neighborhoods and communities that will best suit your needs and wants. Houston is home to many styles of houses, and there is never a shortage. There is a little something for everyone looking to move to the Lone Star State.
Are you interested in buying a home in Houston? Contact us today to learn more about our available homes.
