3 Tips for Spring House Hunting

Posted by Gurpreet Ghatehora on Saturday, April 2nd, 2016 at 10:46pm.

With spring time just around the corner, we’re starting to get into the spring quarter for real estate sales. It’s an exciting time for everyone, from buyers to sellers, because there seem to be more possibilities now that the snow is starting to melt and the days are a little longer. If you’re looking for home in the spring, here are some tips to help you find the perfect place. They could also help you save time and money as the market starts to wake up from its winter slumber.

1. Get Out and Walk Around

One of the main advantages of getting out for spring house hunting is the weather. Spring, especially early spring, is an excellent time to get a feel for any neighbourhoods you may want to live in. You can see how well the street drains of water, what the homes look like under the snow, and physically get out and walk through the neighbourhoods without risking frostbite. Many of us look for homes almost exclusively online, but it’s important to take advantage of the spring weather and see things in real life. Plus, you could get ahead of other eager house hunters by putting feet to the pavement.

2. Get Pre-Approved and Set a Budget

This should be a major step before you go house hunting in every season, but especially in the spring. The market tends to heat up with the spring thaw, so getting on top of everything before you go house hunting is a good idea. Be sure to see what sort of budget you will be dealing with by getting a pre-approved mortgage. From there, you can start shopping within your price range. Be sure to make a budget and stick to it. With a hotter market comes the chance for bidding wars. It’s easy to lose your head in those and end up spending money you don’t have. But with a budget, you’ll know how high you can go.

3. Shop Around While There’s Still Time

The market may be heating up in the spring, but that doesn’t mean you don’t have time right now to get the jump on things. With the other two tips here, you’ll be on your way to house hunting before many other people, which will up your selection and maybe help you avoid those nasty bidding wars. There’s usually a sweet spot in the early spring where there are many homes getting listed in preparation for the market heating up, but not many people are quite looking yet. If you find the right home during that time, you could end up getting a deal, and settling into a new home much more quickly.

When it comes to the spring real estate market, smart choices can help you get ahead of everyone else. Be sure to get out there early and you could reap the benefits of a better and quicker sale

1 Response to "3 Tips for Spring House Hunting"

Tobias Armstrong wrote: I really like the idea to get pre-approved and set a budget. I've found that working within a budget is basically the best financial advice I've ever been given. It works for things as small as groceries, so using the same principle for something like buying property or a house is even more important. Thanks for the tips!

Posted on Monday, April 4th, 2016 at 2:26pm.

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