Is Spring a Good Time to Buy a Home in Boise, Idaho?
They say that timing is everything and when it comes to buying a home, that could not be more true. In today’s article, we’re going to dive into the intricacies of buying a home in Boise during the springtime and what that could mean for you. If you have any real estate related questions or if you are interested in buying or selling a home in the Treasure Valley, I would love to hear from you. Please contact me with any questions you may have and I will gladly help.
What Are Some Key Factors In Buying A Home In Boise In The Spring?
There are a lot of moving parts when it comes to purchasing a house in Boise in the Spring. It is actually a great time to start searching for a home before the summer rush. Here are some things that make the springtime marketplace unique when it comes to buying a home.
Higher home volume in the market
People want to list their homes in the spring because it is the first good opportunity to do so after winter. A lot of home shopping is put off during the winter due to poor weather and the holiday season.
Weather motivates buying and selling
The spring temperatures and more hours of daylight make for perfect selling and staging opportunities.
School year considerations
Most homes are purchased by families with at least one child who will be of school age. It makes it easier on parents and kids if they can transition to a new home before the new school year kicks off.
Competitive mortgage rates
Lenders will oftentimes offer purchasing incentives in the spring to help motivate buyers.
Faster turnaround on home inspections
The spring is a great time to start home shopping because you can get through the whole process much faster due to the nicer weather and fewer delays due to snow or rain or frozen pipes that normally delay inspections for days or weeks at a time during winter.
Tax refunds help with down payments
With tax season and spring overlapping each year, it is a great time to be a buyer and a seller. Tax refunds can help to soften the financial blow of amassing a downpayment and sellers love buyers who have a little more to offer. It’s a win win!
Boise’s market favors quick decisions
In 2023, homes in high-demand areas sold in under 10 days in spring.
Get Out There And Start Shopping!
Spring is an excellent time to look for the home of your dreams. The market in the Treasure Valley rewards those who get a head start, so pull up your real estate searching app of choice and start bookmarking your favorites before they get bought up.
Conclusion
We hope that this blog about best practices for buying a home in Boise during the spring was helpful to you. I can help you with all of your real estate transaction questions in the Treasure Valley Idaho area. Please contact me here if you have any questions or want to get started with the buying or selling process. I look forward to hearing from you.