How to time your home purchase for the best deal

Buying a home is one of the biggest financial decisions you’ll make — and timing can have a major impact on how much you pay. While you can’t control the market, you can use seasonal patterns and market conditions to your advantage.

1. Consider the Season

• Spring and Summer: More homes hit the market, giving you more options. But with more buyers also searching, competition is high and bidding wars are common.

• Fall: Inventory is still solid, but competition begins to cool. Sellers who listed in summer may be more motivated to negotiate.

• Winter: Fewer homes are available, but sellers who list in winter are often serious about selling — which can mean better deals for buyers willing to shop in the off-season.

2. Pay Attention to Interest Rates

Interest rates directly affect your monthly payment. Even a small increase can cost you thousands over the life of your loan. Working with a lender early will help you lock in a favorable rate when the timing is right.

3. Watch Local Market Trends

Real estate is hyper-local. Ask your agent about:

• Average days on market in your area

• Whether inventory is rising or falling

• Price trends over the past 6–12 months

This will help you know if buyers or sellers have the upper hand.

4. Factor in Your Personal Readiness

Timing isn’t just about the market — it’s also about you. Before buying, make sure you:

• Have steady income and job stability

• Are pre-approved for a mortgage

• Have enough savings for down payment, closing costs, and an emergency fund

5. Look for Motivated Sellers

Regardless of the season, you may get a deal if you target:

• Homes that have been on the market longer than average

• Sellers relocating for work or downsizing quickly

• New construction homes where builders want to close out inventory

6. Be Ready to Act Quickly

The best deals don’t last long. Having your financing in place and knowing your must-haves versus nice-to-haves will help you move fast when the right home appears.