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Old 02-06-2018, 06:49 PM
 
646 posts, read 412,913 times
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Looking for a general rule of thumb and strictly talking about the month where it would be best to buy for the lowest price and best to sell for the highest price.

Of course it might not be a universally held truth for whatever the answer is but Iím just looking for a general rule of thumb.

Iím looking into buying right now. Particularly in Massachusetts or possibly Rhode Island if that makes a difference to your answer. The areas I am most interested in right now are Lowell, Salem/Danvers, Waltham, Providence, and Cumberland (pretty much my interest is in that order).
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Old 02-06-2018, 09:58 PM
 
Location: Rochester, WA
2,063 posts, read 1,061,795 times
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Best month to buy a house is the month that the house you want goes up for sale.

Seriously, I don't think there is one answer for this question. Too many variables!
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Old Yesterday, 08:09 AM
 
1,686 posts, read 1,128,340 times
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We were advised to put our house on the market the first week of November in NY last year. I was skeptical as it went against everything I thought I knew about selling a house. Waiting to sell in early spring seemed to be the better time to me.

The house sold 18K over our asking price as two cash buyers got in a bidding war within days after it was listed. The closing was the week before Christmas with the new owners moving in with snow and very cold weather. I obviously knew nothing about when it was best to sell a house or the current market in that area.

Last edited by jean_ji; Yesterday at 08:24 AM..
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Old Yesterday, 08:24 AM
 
Location: NC
5,611 posts, read 6,047,947 times
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For a suburban house in cold country, best to buy between Thanksgiving and New Years. Only eager sellers are advertising then IMHO. Best to sell? Maybe mid spring when all the trees look nice and the people with kids would like to know the house would close before the new school year. Of course there would be tons of competition so you better have something special. But really, you cannot guess where the market will be in the future. What if you wait 6 months only to find that mortgage interest rates have gone up a bunch? Unless folks are buying for cash that is a big ouch.
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Old Yesterday, 09:36 AM
 
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The best time in Florida would be summer because less competition, but the best time to buy is before the new year if it will be your primary home because then you can apply for the Homestead exemption on your taxes for the next year.
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Old Yesterday, 12:35 PM
 
Location: North Idaho
19,161 posts, read 22,488,318 times
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Buying in winter usually means less competition, and it also allows you to check the condition of the soil when it gets wet and to spot roof leaks.
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Old Yesterday, 01:34 PM
 
Location: Woodbridge, CT
19 posts, read 7,785 times
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The market is very cyclical. I run a lot of market reports and at least here in CT - the best time to sell is Spring - If given no timing restrictions list in March to April.
Buying is the opposite. October to Novemberish is when you are likely to find the best deals.
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Old Yesterday, 01:51 PM
 
Location: Austin
6,850 posts, read 15,855,646 times
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Best time to buy is when there are less buyers and sellers want to ensure they capture one of them so they price lower, and that's in the Winter. When is Winter in your market?

The best time to sell as a seller is when there are the most amount of buyers out looking so there is more of a sure thing that the right buyer sees your house... That's typically Spring. When is Spring in your market?

Each market has different weather and seasons. The answers for my market, I would say, are December to buy and April to sell.
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Old Yesterday, 03:26 PM
Status: "Postatem obscuri lateris nescitis" (set 8 days ago)
 
Location: Kirkland, WA (Metro Seattle)
2,961 posts, read 2,375,242 times
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Quote:
Originally Posted by luv4horses View Post
For a suburban house in cold country, best to buy between Thanksgiving and New Years. Only eager sellers are advertising then IMHO. Best to sell? Maybe mid spring when all the trees look nice and the people with kids would like to know the house would close before the new school year. Of course there would be tons of competition so you better have something special. But really, you cannot guess where the market will be in the future. What if you wait 6 months only to find that mortgage interest rates have gone up a bunch? Unless folks are buying for cash that is a big ouch.
I sold a house in "cold country" (Michigan)...or rather my realtor sold it...not all that many years ago, and she was adamant April was the hot month, bad pun intended. April, the snow has retreated and grass still dormant. Still, spring is in the air, becoming more so by May. There can be some cool days that are a big improvement over sub-freezing. When the sun comes out, as it does there in April, people want to get a jump. Sure enough, it sold fast in April. Not a coincidence, as I listed at what it was worth.

Realtors in Seattle have different views. I pay them a good chunk of dough for their opinion to maximize profits, so will defer when next I sell.
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Old Yesterday, 05:33 PM
 
646 posts, read 412,913 times
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Quote:
Originally Posted by minna_reid View Post
The market is very cyclical. I run a lot of market reports and at least here in CT - the best time to sell is Spring - If given no timing restrictions list in March to April.
Buying is the opposite. October to Novemberish is when you are likely to find the best deals.
Iím looking to buy in MA most likely (possibly RI) so I figure our seasons should be the same. Winter really doesnít hit hard until January/February though.
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