Springfield, MO Real Estate: Best Time to Buy a House and More

Posted By: YourFriends AtSWMR In: Southwest Missouri Realty
Date: Tue, Mar 22nd 2016 4:44 pm

Explaining Springfield, MO real estate by the season

Knowing how the four seasons affect Springfield, MO real estate can be the difference from you getting an okay deal, to you getting a great deal. Here, we at Southwest Missouri Realty will explain what each season brings for Springfield, MO real estate – specifically, buying houses – and how you can be sure to get the best deal possible.

The Best Time to Buy a House and Why

With school coming to a close and the weather turning for better days (in theory, Springfield seems to have a mind of its own) many people think that the latter end of spring/beginning of the summer is the best time to buy a house. But it’s for that very reason that it isn’t. Because the season is so popular, sellers can jack up their asking prices.

According to newhomesource.com, the better time of the year to buy is actually toward the end of the year – November and December. While there might be fewer homes for sale during this time, most asking prices won’t be as high. In fact, according to brokeroutpost.com, the average house price falls between the months of October and March.

Additionally, looking for homes during this time of year will give you a good idea of any renovations, repairs or touch ups that will need to be made to the home. Seeing how a house is able to handle inclement weather – rain, snow, ice, etc. – is invaluable to you as a buyer (fortunately for you, Springfield has plenty of that!). The only drawback to buying during this time of the year is that you may not be able to properly evaluate the home’s landscape – especially if it’s a year with a lot of snow or ice.

Other Things to Consider With Springfield, MO Real Estate

Here’s what we know so far: the best deals on houses for sale are often available during late fall and winter. However, there are other things you need to consider when looking at Springfield, MO real estate. Personal and economic factors like inflation, living costs and market conditions, specifically, and how those factors affect you and your interest rates. Ideally you should wait to buy a home after your interest rates are low enough so that your mortgage costs will be less, that according to realtor.com.

Visit our website today, or contact any of our realtors at Southwest Missouri Realty for more information on Springfield, MO real estate!