It is officially summer! The sky is blue, the sun is out and so are the Lynden, WA real estate signs. Yes, homes are sold all year round, but nothing really says “summer” like an excess of listings popping up around the neighborhood. If you are thinking of buying during the “busy season” of real estate, you may be wondering if you should wait until Fall when things cool down. While that does have its perks, with what is going on in our current Lynden, WA real estate market, now may be the best time to buy a home. Here is why.
- Homes aren’t that MUCH more expensive. Yes, the demand is higher and prices do peek during the summer months. We know this. However, they aren’t so outrageous that you are completely priced out of a home for sale in Lynden, Wa. Right now could actually be more affordable compared to waiting a few months. Interest rates just had another hike (which was predicted) and there is supposed to be another one on the horizon before the end of the year. Higher interest rates mean less spending power if you have a tight budget. Since home prices are expected to continue to rise (along with buyer demand if inventory can’t catch up) there is no guarantee prices will cool down with the temps come Fall and Winter.
- More inventory is available right now compared to Fall & Winter. If a seller doesn’t HAVE to list their home for sale in Lynden, WA, they generally don’t during the holidays. Meaning, you typically don’t have as much to choose from during these months. Of course, with the high demand, homes are pending quickly and in a lot of scenarios for over asking. With pricing and interest rates expected to rise, you may or may not be saving money by waiting a few months. If you are serious about buying, summer time gives you the option to well…..have options.
- If you need to buy and sell Lynden, WA real estate at the same time, you have a better chance at a smooth transition during the summer time. With homes getting offers quickly, chances are you can make a contingent offer on another home for sale in Lynden, WA and sell yours first within a quicker timeline compared to if you wait until Fall or Winter.
- You get to see what your potential property looks like during the summer time. In the PNW, we know what a property looks like during Fall, Winter and sometimes Spring: grey, rainy and there is a definite lack of blooms. During the summer you can get an idea of whether or not this new home has adequate shade to keep you cool or if the AC really does its job. Everything will be in full bloom so you will know what needs to be spent on landscaping, what needs to be removed and just how great your new real estate in Lynden, WA is for entertaining outdoors.
Every season has its perks for buying, and selling but this Summer may just be the best yet to buy. For more information on real estate in Lynden, WA give me a call at 360-410-0848. I would have to help!