The Best Time To Buy in Colorado | DT Properties in Littleton, CO
Being a real estate professional here in the state of Colorado, you get used to certain trends. One of those trends is the fact that we have a very seasonal real estate cycle. Typically our hot selling season is in the spring and early summer, all the way up until about the fourth of July. But here’s a big tip, one of my favorite times to buy property is actually in the fall and in the winter, and here's why.
Now if you're a buyer in the spring and early summer, obviously that’s a great time to buy. You're going to have more of a supply of homes to look at, but in turn, you're also going to be competing against more buyers out there in the marketplace.
I prefer to buy in the fall and winter because there are far fewer buyers out in the marketplace. You’re not competing against as many people, and you are dealing with sellers that have a genuine need to sell their property. After all, who wants to sell their property around Thanksgiving or Christmas, or the start of the year? Another benefit is that typically in the fall and winter, you will see about a two to three percent discount on your purchases as compared to the spring and the summer.
But this isn’t just good news for buyers. Sellers have a reason to be excited to sell in the winter too.
If you're a seller, and you have a need to sell, winter is an awesome time to do it without the hassle of having a ton of browsers through your home. You know that the buyers that are coming into your home at the end of the year or the start of a new one probably have a need to buy just like you have the need to sell.
Now, 2020 kind of bucked that trend, I mean it bucked a lot of trends, But 2021 has shown signs of getting back to a more normalized marketplace, and I do think in 2022, we will continue to normalize and get back to our traditional sales cycles.
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