When you want to buy homes in Denver, spring is traditionally the time to take the plunge. Surprisingly though, for home buyers in Denver, there are several critical reasons why summer edges out spring for investment in residential real estate.
Summer can be miserable in the state of Colorado and in places likes Phoenix, temperatures can reach scorching levels. This is the reason why summer is the slow season for real estate and if you want to buy homes in Denver, Colorado, the ideal time to get your dream house.
This post will go into the key reasons why the best time to buy a house in Denver is summer and why going against the traditional springtime to do so will be beneficial for you.
Prices May Be Lower
You may argue that if summer is really the best time to get your dream project going, why do so many people wait till the weather has cooled down? Do they think that the market is high in summer and wait till fall to make a move to buy homes in Denver? The answer to both questions is that people generally assume that prices are top dollar in summer and tapers down as the year progresses.
As with all assumptions, there are both right and wrong sides to them. You cannot say for sure about the real estate market since it is highly volatile. While it is true that conventionally, home prices peak in July and August, other market forces might come into play.
For example, if there are several similar-type houses for sale in Denver in the same locality, prices will be lower because of the competition.
Keep a close tab on the market in summer and you might just find that the season is a paradise for home buyers in Denver.
There Is More Inventory
As indicated just above, summertime is the best time to buy a house in Denver chiefly because there is more inventory – a lot more houses on the market. And this means you stand a much better chance of finding the kind of house you want. Summer’s large inventory provides many more opportunities for you to get the floor plan, the kitchen, the number of bedrooms and bathrooms, the quality school district, and the other amenities you want and at the price you need.
In addition, when there is more inventory in less-competitive markets, you have much more negotiating leverage. And even if you can’t get the price you want, you can just go down the street to another similar house for sale. And additional properties will be hitting the market every day, so you can feel much more confident in your search.
You Can Get a Feel for the Neighborhood
When you want to buy homes in Denver, it is not just the structure that matters, rather your environment should be equally important for you. Summer is the best time to visualize what living in any neighborhood in Denver will be like.
Walk around the chosen location before you buy homes in Denver, Colorado and close a deal to see and get the feel of the area in summer. Check out the trees at their leafy best and lush lawns of your potential neighbors. You can immediately envision how much you will enjoy a crackling barbeque in your backyard with friends and family.
Further, since the weather is warm, there will be people outside their homes. This will help you to judge what people around your potential house will be like and see if that is what you want for yourself and family.
You’ll Be Moving at the Best Time
In most cases, it actually takes several weeks to close, so if you buy during the summer, you will probably be moving into your new home in the fall. You will be moving when summer’s oppressive heat is gone and the kids aren’t underfoot because they are back in school. You also won’t have to expose your furniture and electronics to summer’s humidity and occasional violent storms. In short, summertime is the best time to buy a house in Denver precisely because you won’t be moving during the summer.
Now that you’ know why summertime is the best time to buy a house in Denver, are you ready to get started? If you are, we have the experience and expertise help you attain your home-buying goals. To discover more about how we can help, call us today at 720-730-2289 or fill out our online form.