It’s a question most home buyers have: When is the best time to buy a house or condo? Are some times of the year better to purchase a property than others?
The best time to buy is really when you’re ready. Are you prepared financially for the costs of going through the home buying process and then paying for your mortgage, homeowners insurance, and other fees?
When it comes to national home sales, prices are usually slightly lower in the fall and winter seasons. Home buyers will find more competition during the summer months when the weather is warmer and more people are house hunting. Nationally, homes can be as much as 8.5% less expensive in January and February than in June and August.
Here’s what else you need to know about the best time to buy a house in Montana.
Best Time of Year to Buy in Montana
Montana home sales are similar to national trends. They tend to pick up in the summer months. But 2018 also saw a hot real estate market throughout the state this winter. Flatheatbeacon.com reports that realtors were kept busy “into historically slower times of fall and winter.”
The reason for an increase in home sales is attributed to a mild winter that led to continued construction projects. So, while there were more buyers in this past winter than usual, there was also a greater supply of homes and that was good news for both buyers and sellers.
The Best Places to Buy a Home in Montana
Located in Gallatin County, Bozeman is a suburban community that gives you easy access to Big Sky Country. It’s a lively college town with good job opportunities for young professionals.
This historic town was once part of the Blackfoot Tribe territory. The town is filled with parks and attracts young families because of its good schools. This is the ideal town for anyone looking for a rural lifestyle.
The city is going through an economic growth spurt, so there are plenty of jobs for qualified professionals. It has plenty of shops and restaurants and is close to several lakes for boaters and fishers. It also has some of the best hiking and biking trails in the world.
This is the place to live if you want a mix of urban and rural life. It has all the amenities of a big city like movie theaters, concert venues, and great restaurants. And it’s just a short drive from several national parks.
Kalispell is a beautiful little town that’s growing quickly. The town has a scenic view of the mountains surrounding a valley. The town not only offers an affordable lifestyle for residents, its rapid expansion also means that any real estate investments are sure to grow with the town.
Four Ways to Get a Great Deal On a Home in Montana
1. Find a Great Montana Real Estate Agent
A trusted real estate agent will be able to help you buy a home at the best possible price no matter what time of year you enter the market. While summer may be more competitive for home buyers, there is also greater demand. A professional real estate agent will understand the nuances of the local market and will be able to negotiate effectively on your behalf.
They will help take the stress out of the home buying process. After all, you shouldn’t make one of the most important financial decisions of your life alone.
A trusted real estate agent or broker will guide you through the entire home buying process. They will search out, evaluate and negotiate for a property on your behalf. They will also work with you to determine the criteria of the home you are looking for.
This may include such things as your price limit, the number of bedrooms in the home, and the style of home. The agent will schedule appointments for homes that meet your particular needs and parameters.
Real estate agents are knowledgeable about local inspection laws and are ethically responsible for making sure your best interests are kept at top of mind from the time you view a property to the time you sign the closing contract.
Learn More: What Does a Real Estate Agent Do for a Buyer?
2. Assess Your Needs and Lay Out Your Goals
A real estate agent is more than just someone who is able to negotiate your home purchase or help you with the paperwork. A great real estate agent will help you lay out your needs and goals for your home purchase. What are the must-haves on your wish list for your home?
Do you need a certain number of bathrooms? Do you require a den? Or maybe you need a two-car garage. Whether it’s trying to determine the financial parameters of your house search or just offering advice, your real estate agent will be one of your most important resources through what can be a daunting process.
Learn More: What to Look for When Buying a Home
3. Find a Lender and Secure Financing
If the seller accepts the offer, the real estate agent will work with you on getting a home inspection done, offer advice, and lead you to professionals who can help with the legal paperwork. They will also be able to point you to any state or federal loan or grant programs that could assist you with the down payment, closing costs, or even your mortgage.
One of the first steps you need to take when seriously searching for a property is to secure proper funding to purchase a home. That’s straightforward if you are purchasing a home with cash. If not, your real estate agent will be able to discuss several loan options that may be the right fit for you.
Finding the right one requires working with a mortgage broker, a bank, or credit union. A good real estate agent will be able to lead you to a lender that you can trust.
Learn More: A Step-By-Step Guide to the Home Loan Process
4. Negotiate for the Best Possible Price
One of the most important qualities of a good real estate agent is being a great negotiator. After all, it’s important to have someone on your side who knows how to make a great deal. They could end up saving you thousands of dollars or more.
Clever Partner Agents have access to up-to-the-minute data so they will be able to offer precise bidding advice. They will also guide you if you decide to make a counteroffer, and they’ll let you know if your bid is too low or too high for a particular property.
If you want to know more about the home buying process and how a Clever Partner Agent can help you, fill out our online form. A Clever representative will be in touch soon to answer any questions that you may have. You’ll then be connected to a local Partner Agent for a no-obligation consultation.
Learn More: How to Find a Buyer’s Agent That’s a Good Negotiator