StraightTalk Home Buying Guide
Chapter 1. Planning
Is There a “Best Time” to Buy?
There’s no simple answer to this question. The “best time” to buy a home is usually when fewer buyers are looking. There are two terms that you should be familiar with: buyer’s market and seller’s market.
A buyer’s market exists when there are more properties for sale than there are buyers. In a buyer’s market, sellers may be more flexible and willing to work with a buyer. A buyer has more time to check out a property and make decisions.
A seller’s market exists when there are more buyers than properties for sale. In a seller’s market, you must be ready to act quickly. In a seller’s market, sellers typically may not be as flexible or as willing to negotiate a lower price.
Prepared for Corning Credit Union by Remar Sutton & Associates, July 2004. Reviewed and updated May 2007. All rights reserved.
This site contains links to other sites ("Linked Sites") which are not under the control or direction of the Credit Union. The inclusion of any link does not imply endorsement by the Credit Union of the site or any association with its operators. The Linked Sites are not bound by the Credit Union's privacy policy and therefore you access them at your own risk.