Most home sales occur over four months each year — April, May, June, and July. Have you ever wondered why? There are many reasons why spring and summer are such busy home buying and selling seasons.
One of the biggest reasons is that most children with traditional school schedules are released in May or early June and return to school in August. As a result, many homebuyers with children want to schedule moves in June and July. That means starting the home buying process as early as April and May. Many corporate relocations are announced in the first quarter of the year as well, which put home sales and purchases into the spring-summer period.
Spring and summer are also great times of the year to showcase a property. The grass is getting green again, flowers are blooming, and it’s warm outside. Also, there’s nothing quite like a beautiful lawn, flowering plants, and trees to put anyone in the home buying mood. It’s also more comfortable and more enjoyable to shop for a home when the weather is good, especially for those who live in areas with harsh winters; not to mention that moving during winter is NOT enjoyable.
A final reason spring and summer are such popular home buying seasons: Finances. Most Americans receive tax refunds each year, with the average refund check totaling about $3,000. That extra cash can provide a much-needed boost to the home buying process.
Moreover, thanks to the Veterans Affairs Home Mortgage Loan Program, there is hardly ever a wrong time for a veteran to purchase a home. Find out more about VA home loans and get started on a loan application today by filling out the form below.