Spring is finally here. The tulips are sprouting, the birds are chirping, and “For Sale” signs are being hammered into the ground. Spring, especially here in New England, is the best time of year to sell your home. People come out of the woodwork, have money in their bank accounts after their tax refund, are more likely to pay full price, and properties are more attractive making them easier to sell. Offers can get competitive which will result in you walking away with more money in your pocket.

However, Spring is not the best time to buy a house. The market is competitive and prices tend to run higher. If you are in the market to buy and don’t have to worry about putting an existing home on the market, winter is your best bet. Most buyers don’t want to be out and about in the cold, harsh weather so you will have a leg up on most of the competition. The fact that the seller is willing to put his or home on the market during the least attractive time of year is a good inclination that they are anxious to get rid of the house as soon as they can.

One factor to keep in mind when it comes time to consider buying a home is that having a mortgage can be cheaper than paying rent. Even though home prices have been on the rise the past year or two, it is still more expensive to rent than own in America’s top 100 major metropolitan areas. Trulia Trends claims that buying a home is 44% cheaper than renting. This is because mortgage rates have maintained their historic low status for well over a year, holding steady at an average of 3.5% for a 30 year fixed.

If you are considering buying or selling in the near future, I can assist you in all facets of the real estate process. I work with excellent real estate agents and mortgage loan officers in the area. Please don’t hesitate to give me a call at: 508-660-8888.