Conventional real estate wisdom holds that the prime period in which to purchase a home is the spring, but fresh research suggests that August may be even better. A new analysis indicates that there are more homes for sale near the end of summer than at any other time of year.

To capitalize on this somewhat limited calendar of opportunity, experts recommend acting fast. Buyers should have their finances set: get preapproved for a loan, and be prepared to make an offer quickly.

Enlisting the aid of a real estate professional is also crucial. It's important to engage an agent from the very first, someone who not only knows the market very well but who also can advise on the specifics of your individual purchase needs.

In other words, buyers should exercise patience and smart judgement. If a buyer has not found just the right property before spring or summer, there is still time to do so.

Be prepared, plan ahead, and assemble the best team you can to support the purchasing process and to take full advantage of any late summer buying opportunities.


Source:  Mary Frances Burleson - President & CEO Ebby Halliday Companies