When it comes to getting a good deal, timing is everything. A savvy shopper knows when to purchase everything from winter coats to rose bushes. These excellent shoppers wouldn’t think of buying items when they are at the peak price.
Great shoppers don’t purchase winter coats at the beginning of fall when pumpkin spice first makes its appearance at Starbucks. Instead, they wait until late winter when stores are desperate to clear out winter inventory to make room for the spring shorts and running shoes.
When you are in search of a new home, you need to think like a savvy shopper. After all, your home is probably the largest purchase you will ever make.
When can you get these good home deals? It depends on where you are purchasing your new home. If you have some flexibility in your timing, reach out to an experienced, local real estate agent in the area where you are planning to buy a home. He or she will know the idiosyncrasies of that area’s housing market. He or she will tell you when you can get a great deal on the house of your dreams.
Read on to discover when to buy a house in Phoenix, Arizona.
The Best Time of Year to Buy in Phoenix
What a wonderful life it is that anyone with a computer can access data on the housing market in Phoenix. With just a few keystrokes, we can learn the following information about when to buy a house in Phoenix.
Phoenix is unique. While most metropolitan areas have an abundance of new houses listed in the spring, Phoenix has more new homes listed in January, March, and April. The months when there are the fewest new homes listed are July, November, and December.
Other data shows that the months where the most significant percentage of buyers purchase a home above the listing price are April, May, and July. The months where you are less likely to buy a home above the list price are October, November, and December.
What does this mean? Late fall is a great time to get a good deal on a home in Phoenix. Sellers may be motivated to move before the holidays, and you may not have to compete with as many other buyers that time of year.
The Best Places to Buy a Home in Phoenix
If you have lived most of your life in colder climates, you are probably ready to ditch your snow shovel and move to Phoenix. What neighborhoods should you visit? Here are five of the best suburbs of Phoenix in which to raise a family.
Known for its excellent public schools, this suburb is also known for being clean and safe with friendly residents.
If you are a traveler, you may want to reside in Chandler, which is close to the Sky Harbor Airport. It also has excellent public schools, restaurants, and shopping.
Paradise Valley is a smaller suburb of Phoenix. Its population is close to 14,000. It has received very good ratings from its inhabitants, and the houses tend to sit on large lots.
This tiny suburb is rich with history. It also has excellent public schools and is a great place to raise a family. It is also near a beautiful golf resort.
Scottsdale has been described as a very livable city. It’s only 15 minutes away from Phoenix, and it has excellent public schools.
4 Ways to Get a Great Deal On a Home in Phoenix
1. Find a Great Phoenix Real Estate Agent: You may be an expert in making cherry pies or an expert at growing tomatoes, but chances are you don’t know much about the real estate market in Arizona. Find someone who does know the Phoenix area and will work for you as your buyer’s agent. Don’t try to buy a house alone.
2. Assess Your Needs and Lay Out Your Goals: Your buyer’s agent will assess your needs and ask you the right questions to help you narrow down where you would like to live in the Phoenix area. He or she will work with your family’s budget to narrow down the plethora listings.
3. Find a Lender and Secure Financing: Your agent can help you evaluate your current financial situation and help you find a financing option that works for you. If you are in a hurry to get into your new home in the Phoenix area, reach out to a buyer’s agent. The closing process typically takes 30 days.
Your buying agent may also be able to help determine if you are eligible for a home buyer rebate.
4. Negotiate for the Best Possible Price: Once you’ve chosen your dream property, your agent will help you make and submit an offer. They will then negotiate with the owner again following the home inspection to ensure you’re getting the best deal possible.
Are you ready to take the first step to move to the Phoenix area? Fill out this online form, and a Clever representative will be in touch to answer any questions you may have and connect you with a local Partner Agent for a no-obligation consultation.
Phoenix is waiting for you! Take that first step!