If you’re wondering when is the best time to buy a new home, the quick answer is – whenever you need one. Of course people move all the time – not because they need to, but because they want to. If you have to move – for a job, or due to unique circumstances – you may not have the luxury of waiting to sell your current home and thus may not get the best price for it. The same goes for buying a new home. If you have to move your options are fewer.
When is the Best Time to Buy a New Home?
Whether you choose to buy a used home or build a new home in Ogden, there are several things to consider. Interest rates are still at historic lows so now is a great time to get a mortgage. On the other hand, inventories are also at historic lows so finding the right home is going to be a little more difficult than when the market is a little sluggish. Because inventories of used homes are so low, the demand is quite high. What that means is if a home comes on the market and it’s priced fairly, it’s going to sell quickly. With that in mind, you’ll want to be prequalified so you can purchase a home quickly when you find one that fits your needs.
Low inventories can also mean a bidding war on the house, which can raise the price of it considerably.
If you’re looking for a home in the Odgen area, but aren’t finding what you want in the location or school district you prefer, you might want to consider building a new home. Nilson Homes has many different neighborhoods to choose from, many in very in-demand school districts. The upside to building a new home is many.
It’s a New Home – When you build a new home you get a new home. That sounds elementary, and it is. You’re not taking on someone else’s problems. There will be no repairs needed for years to come and everything will be up to date and up to code. You’ll have all the outlets and wifi you could possibly need as well as rear foyers, lockers and other state of the art amenities that you just can’t find in older homes.
Location – Because you’re building a new home, you choose the location. You can see all the locations we build in by clicking here.
Floor Plans – When you build a home, you choose the design. If you’re just starting a family a 2 story home might be just what you need. On the other hand if you’re an empty nester, you might want to build a home that is all on one level. Of course, the best way to determine what kind of home you need is to meet with a professional who can help assess your needs going forward.
Customization – One of the best parts of building a new home is how much of your own personality you can inject into your home because you get to customize it. Again, you’ll want to talk to your builder about the process, but it’s one of the most exciting parts of building a new home.
So when is the best time to buy a new home? While many people wait until spring to start looking for a house to buy and to put their current home on the market, these winter months are a great time to buy. Most people don’t want to move during the winter months and wait until spring so there are fewer people looking at the current inventory. Speaking of inventory, we have several new homes that are move-in ready. Some can even still be customized a bit.
When you’re ready to buy a new home or build your dream home in Ogden, give us a call – we’ll help you through the process and answer all your questions.