Buying real estate in Des Moines can be a complex and stressful undertaking in the best of circumstances. With the housing market and economy being so unpredictable, it can be difficult to determine when hopping into real estate makes the most sense. The Rob Ellerman Team is here to assist you in your search for your perfect Des Moines home or property. Contact us today and let’s work together!
During the Winter
When it comes to house or property hunting, the winter months provide a few pretty interesting opportunities for those in the market. Many people are dealing with the holidays and even tend to pull their listings for that period of time. Those who are really eager to sell and keep their property on the market during that time are potentially more amenable. You could buy a house at a lower price with some unique perks added on!
The Beginning of the School Year
By the time the school year starts, families are generally settled into their new housing. However, that does not mean that there aren’t properties still out there to purchase. In fact, as you move into the fall months, sellers might be a little more desperate to find a buyer, potentially leading to an overall drop in prices and increase in amenities in order to draw investors in. You could potentially find some really good deals at the right time.
Avoid Spring and Summer
Though spring and summer are ideal times to move considering weather, children getting out of school, and seeing properties in all of their blooming beauty, it isn’t exactly the best time to look into the Des Moines housing market. This is the period of time every year where competition becomes stiff for buyers, and sellers tend to know this. They’re able to increase the property prices because they are betting that people will pay it — and they often do.
Keep Mortgage Rates in Mind
There isn’t necessarily a consistency to the housing market, which can be frustrating for potential buyers. But keep in mind that factors like mortgage rates will play a huge role in the price you’re going to end up paying to secure your property. There are periods of time each year where rates tend to plummet, so make sure that you keep a close eye on the market.
Housing trends can change from day to day. But, these are a few tips towards finding the best times to purchase property in Des Moines. Don’t waste any time — contact The Rob Ellerman Team, and we can help you achieve your Des Moines real estate goals today!
