Springtime has arrived! The days are getting longer, the weather is getting warmer and it seems like everything is waking up from its spring thaw—including the housing market! There are many reasons why springtime might be the perfect time to buy a home—read on to learn why it might be advantageous for you!
The Holidays are Over
The very end and very beginning of the year are difficult to work around when it comes to buying a home. The kids are out of school, family and friends are coming to visit and the weather has relegated many of us to the indoors. But all of these things go back to normal with the arrival of the spring season. Now that Easter has passed, you may have more time to properly search, choose and finance the home of your dreams.
Tax Season is Complete
If you’re like most of us, the end of tax season comes as a relief. Whether you had to write a check to the IRS or you received a tax refund this year, both are great incentives to make your home purchase this spring. Owning your own home may lower your tax bill for next year while a tax refund could be the boost that your down payment needs to help you afford a home.
Inventory is Increasing
After a housing lull that begins around October and continues through the winter, inventory once again starts to climb in the spring months leading into summer. With more houses to choose from during a spring home search, and motivated sellers hoping to quickly get their house off of their hands and into yours, you have a better chance of finding the dream that you can love for years to come.
Have a New Home in Time for Summer
Nobody wants to spend their summer in the midst of the home buying and moving process. When you purchase your home in the spring, you are able to enjoy it all summer long. That means that you won’t have to deal with a stressful move while the kids are out of school, nor will you have to pack and unpack belongings in the extreme heat of summer. Purchasing a home in the spring allows you the freedom to enjoy the summer season in a new home!
If you think you might be ready to begin your home search, don’t forget to see if you qualify for the NC Home Advantage Mortgage™ with down payment assistance! Find out how financing from the North Carolina Housing Finance Agency can help you buy a home.
