You are here: Buying Guides Home Buying Guide 1. Planning Is there a Best Time to Buy?

Is There a "Best Time" to Buy

townhousesThere's no simple answer to this question. The "best time" to buy a home is usually when fewer buyers are looking. There are two terms that you should be familiar with: buyer's market and seller's market.

A buyer's market exists when there are more properties for sale than there are buyers. In a buyer's market, sellers may be more flexible and willing to work with a buyer. A buyer has more time to check out a property and make decisions.

A seller's market exists when there are more buyers than properties for sale. In a seller's market you must be ready to act quickly. During a seller's market, sellers typically may not be as flexible or as willing to negotiate a lower price.


©2010, FoolProof Financial Education Systems, Inc. All rights reserved.

Due to server maintenance this site will be unavailable from Saturday June 30th, at 11pm CDT until 7am the following morning. Got it.