Why February is the Perfect Time for Buyers
One of your goals for 2017 was to buy a new home in the beautiful city of Burlington. We totally understand why! Burlington is an incredible city to call home with a beautiful natural setting, great public schools, lively arts and entertainment, and all the amenities of a major metropolitan area. Don't delay achieving a goal any longer. Although February might not seem like the ultimate time to buy a home, it is! Take advantage of the buyers' benefits of the month and start living in your dream Burlington home today!
Recent research from Realtor.com shows that February is a good month for home buyers to purchase their new home. This is due to the following key factors:
#1 The savings are greater. Home buyers save more in January and February than they do during the popular home buying months of July and August. In fact, Realtor.com's data shows that on average the prices are 8.45 percent lower in the beginning of the year! AND, since home prices are predicted to be even more this spring than they have been in recent years, buyers should take advantage of the savings right now!
#2 Fewer Competition. You aren't along in your hesitation to purchase a new home in the cold month of February. Most buyers wait until spring. That means less people for you to compete with on the market. Home inventory largely remains the same in the winter. You can use the lack of competition to your advantage and negotiate a great deal for your new home.
#3 Interest rates are rising. Mortgage rates are predicted to rise almost 5 percent throughout the course of 2017. With that knowledge, it doesn't make sense to wait. Lock in a better rate now and save money!