Buy a Home

Purchasing a home is a big decision based on your circumstances and the local housing market. Mortgage rates are also a factor, as they are essential to your financial stability and ability to qualify for a loan.

Buyers face intense competition in the spring and summer as families want to move before school starts. However, this can work to your advantage if you are patient and flexible in negotiations.


Buying a home is an emotional transaction. Two primary emotions – fear and greed – drive buyer and seller decisions. Fear leads sellers to cut prices, negotiate more aggressively, and offer concessions. Greed, on the other hand, makes sellers hold firm in their demands and resist price cuts.

Historically, fall is the best time for buyers, according to ATTOM Data Solutions. This time of year is characterized by high inventory, lower-than-peak prices, and declining demand due to school-related schedules and the approach of cooler weather.

In the fall, homebuyers face fewer competing offers and may have an easier time negotiating with sellers. Many homeowners want to move before the new school year starts, so they’re willing to sell their homes at a discount to close on their new ones before students return for classes.

In addition, mortgage rates are often at their lowest levels of the year in the fall. Getting preapproved and keeping current on mortgage rates is essential no matter what season it is, but you’ll find the most attractive deals in the fall.


In the past, families shopped for homes in spring and summer to move in before school started back up in fall. And there’s a lot to like about shopping for homes in those seasons, from the ease of scheduling walk-throughs and home inspections to the beauty of gardens in bloom and trees in full foliage.

But as summer approaches and more families bow out due to school, demand wanes, and so do prices. That could make for an ideal scenario for buyers searching for a bargain.

With fewer people, homebuyers might also find more room to negotiate with sellers over asking prices and other terms. Plus, mortgage rates tend to be lower in winter than in spring and summer.

Real estate agents and other housing professionals may also have less work at this time of year, meaning they might be more likely to give you their undivided attention if you choose to shop in the off-season.

A few things could be improved when buying a home in winter, such as the potential for a slower moving process or more costly weather-related issues, such as snow-covered driveways and frozen water pipes. But if you’re flexible and willing to deal with the challenges of a cold-weather purchase, the rewards might outweigh them.

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With families centering their home search decisions around school districts and the school calendar, combined with the warmer weather making it easier to perform home inspections and lush foliage boosting curb appeal, spring typically drives real estate activity. But, as the market heats up and inventory dwindles, buyers face stiff competition and might need to offer above asking price to secure the deal they want.

The best time to buy a home in Woodstock homes for sale is during the fall when mortgage rates are at their lowest, and sellers are less demanding than in the spring. Buyers can also take their time to review the market and carefully pick out the best value.

But the key is knowing your local market and having a preapproved mortgage before you start house hunting. Having your credit score in order and saving for a down payment will increase your financing options and help you negotiate with sellers.

Remember that your purchase should align with your lifestyle and long-term financial goals, so don’t let the market timing derail your plan to achieve homeownership. Whether you’re looking for your first home or need to move up the property ladder, 2023 can be an excellent year to buy.


The summer is traditionally a homebuyer’s best time to shop for a new place to live, but it might not be as good this year. This has been a unique housing market, with COVID-19 and other factors slowing sales at times and creating pent-up demand that has landed like a tidal wave in some markets.

In 2023, buyers can expect to find a more extensive selection of homes for sale in autumn — especially if they begin their searches after the peak season ends in August or September. That’s why any potential buyer needs to get their ducks in a row, appoint an agent and mortgage loan officer, and be preapproved for a mortgage before they start looking.

It’s also a good idea to have a professional inspector check out any prospective homes before making an offer, as many issues that might not be apparent during a walkthrough can surface later on, such as moisture problems that might be exacerbated by warm summer weather.

Still, a local market may have some sweet deals for buyers who prioritize desirability and are willing to hold off until the fall or winter. And because real estate agents, mortgage loan officers, and other professionals are less busy this time of year, they might be more likely to give you their full attention.

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