Expert Advice, Part 19: Best and Worst Time to Buy

As volatile and chaotic as the Texas real estate market may appear to a newcomer, the market as a whole is a thing of patterns and repetition. The value of a property will rise and fall as a whole, and there are also certain times of the year when buying a home is advantageous and when it’s more trouble than it’s worth.

If you’re curious about the worst and best time to buy a home in Alpine, TX, we have your answer.

Avoid the paperwork tsunami

Anyone who’s ever purchased their own home understands that the process comes with a mountain of paperwork that needs to be found, filed and examined by a small army of financial and real estate experts. The more sales that these professionals have to juggle at once, the more likely they are to make mistakes. That’s just standard human error.

Which brings us to April, the time of year when, statistically speaking, most homeowners find the home of their dreams. The problem occurs when all these happy homeowners file their paperwork all at once. That puts a real strain on real estate companies throughout May, especially toward the end of the month.

Don’t buy in the spring

It’s natural to assume that purchasing a home just as spring is turning into summer is the best time to buy a home in Alpine, TX, but you’d be mistaken. Because of the increased buying competition, homes sell for inflated prices, possibly even more than their worth.

The resulting predictable backup in May can cause your paperwork to get pushed to June or even July, which could affect your loan’s interest rates.

Make your choice during the fall

August and September are statistically the best time of year to buy a home. Not only are there fewer buyers to compete with on the market (a factor that can result in lower prices), but sellers get anxious to shed themselves of their home because they believe that they won’t be able to sell the house during the cooler months of winter.

In fact, that same feeling—that a home is unsellable during the winter—can be a huge advantage to prospective buyers willing to wait until the offseason to make their choice.

Your home-buying steward

Whether it’s the best or worst time of year to buy a home in Alpine, TX, you can count on Carpenter Real Estate to help you navigate the complex waters of home buying. Since 1947, Carpenter Real Estate has established itself as one of the Lone Star State’s most capable and trustworthy real estate agencies. That’s how we’ve managed to sell more than a million acres since we opened our doors. For three generations, our family owned and operated business has worked to find the perfect plot of land for our valued clients. Commercial, residential and agricultural land cultivated for ranches—we do it all!

We’re proud to belong to the Alpine Chamber of Commerce as well as the National Association of Realtors. Give us a call to schedule an appointment today.