Top 10 Summer Home Buying Tips-How to Make the Most of the Busy Season

As the weather warms up the housing market also heats up. Summer and spring is traditionally a time for buying homes and it's easy to see why. With the weather getting nicer and kids out of school for summer break many families find it an ideal time to make the move. However, navigating the summer real estate scene can be a bit overwhelming. To help you make the most of this season here are some tips for buying a home in summer.

Top 10 Summer Home Buying Tips

Top 10 Summer Home Buying Tips - How to Make the Most of the Busy Season

1. Start Your Search Early

It's best not to wait until the middle of summer to begin looking for your home. Starting early, even before the kids are out of school, gives you a chance to get familiar with what options are available. This way you can take your time finding the right home without feeling pressured.

2. Know Your Must-Haves

Before you start visiting properties take some time to list out what features are essential versus those that would be nice but not necessary. Make a list of must-haves, things you will tolerate, and features that are a deal breaker. Think about location, size, amenities, and your budget. Having an idea of what you really want will make your search more efficient and prevent you from wasting time on homes that don't fit your needs.

3. Get Pre Approved

In a market like this one having pre-approval from a lender can give you an edge over buyers. Showing sellers that you're a serious buyer with the ability to secure financing can boost your offer's appeal and improve your chances of getting accepted. Remember, this is more than just being pre-qualified; this is a letter from a legitimate lender stating they have reviewed all your finances and you are really ready to buy the home.

4. Partner With An Agent

Collaborating with a real estate agent who's familiar with the area can be highly beneficial, especially in a fast-moving market. As seasoned agents in Garden Grove CA and surrounding communities, we can offer advice and assist you through the home-buying process and negotiate on your behalf.

5. Remain Flexible

Remaining flexible with your schedule is crucial during the summer season for both buyers and sellers. Being open to viewing properties at times can give you an advantage. If you're ready to go with your pre-approval letter and are ready to make an offer it can make the process easier and faster and it can offer you an edge over any other competition. If you're ready and others are not, your offer will get reviewed and hopefully accepted first.

6. Explore Off Market Options

Exploring off-market listings is important as some sellers may opt for alternative marketing strategies. A good connection with your real estate agent can help you stay informed about any off-market opportunities that match your preferences. As buyer's agent, we have the inside scoop to some of the hottest listings and if you try and go it alone, you may miss these great properties. 

7. The Importance Of Neighborhoods

Understanding the neighborhood is vital when purchasing a home as it's not about the property itself but its surroundings. Researching aspects, like schools, amenities, crime rates, and future development plans can provide insights before making a decision.

Real Estate expert Bill Gassett, owner of Maximum Real Estate Exposure, offered helpful thoughts based on his years of experience.

"When looking for a place to call home, it is always wise to scout the area you want to live in beforehand. Due diligence is a vital part of any home purchase. I advise my buyer clients to get familiar with the neighborhoods they are attracted to so they will be in the best position when they make an offer. There will be no second-guessing or buyer's remorse.

For example, if you have children, you may want to research the demographics of a particular neighborhood. After signing a purchase and sale agreement, it would likely be not very reassuring to find out that the community's population consists solely of older adults. You can ask your buyer's agent to ask the listing agent to find out how many kids are in the neighborhood and their approximate ages.

Another wise thing to do that many potential buyers don't think about until it's time to make an offer is their commuting time. While the distance may not be significant, the traffic could make the commute unattractive."

8. Time Of Day 

Exploring the neighborhood at times throughout the day can also help you grasp what it's truly like to live there. Check the commute times during different times of the day, school bus routes and activity in the neighborhood. 

9. Take into account the potential for resale

Even if you intend to stay in your home for an extended period it's crucial to think about its resale value. I know this is probably the last thing you want to think about but chances are this may not be your forever home. Seek out properties in sought-after neighborhoods with appreciation possibilities and features that cater to a range of potential buyers.

10. Understanding The Full Financial Cost

Factor in expenses; Apart from the buying price remember to set aside funds for expenses like closing costs, property taxes, homeowners insurance, and maintenance fees. Having a grasp of the cost of owning a home will prevent any financial shocks later on. Trust your instincts and rely on your gut feelings when it's time to make a decision. If a house feels right and meets your requirements don't hesitate to put in an offer.  Conversely, if something doesn't quite sit well with you it's perfectly fine to walk and continue your search.

The summer home buying season presents opportunities for buyers but also brings its own set of challenges. By adhering to these ten suggestions we know you can confidently navigate the market. Don't think of summer as a bad time to buy but take advantage of all the extra homes on the market - just be ready to buy when the right house pops up! 

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