Buying A Home
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
This may be a dumb question.
I've been looking into buying a house recently. and my boyfriend asked me if there was a certain time of year that houses generally drop in price?.. i had no answer to the question and i've not heard of this happening. but i figured this would be the place to ask.
Thanks!
Re: This may be a dumb question.
The general answer is no, but this can be market-dependent. E.g., townhomes in a college town will cost more in the summer when people are shopping and less during the year to attract the few remaining buyers since most people have already found a place.
Since you said boyfriend, I'll stick my nose where it doesn't belong and tell you it's not a wise financial move to buy a house with someone you're not married to. It'd be best if one of you bought it by yourself.
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I appreciate the advice but its for when we are married. Mind you, we are not engaged but we do talk about it frequently. We have strong morals when it comes to stuff like living together.
just that it implies that living situation (living together or not) implicates morality...
In my life, living together without being married isnt something i would do. So i have high values and morals that may be different from yours. Im not saying your values and morals are lesser than mine, or more important than mine. Simple stating of opinion, Nothing more.
you referred to them as "strong morals" and "high values." I think what you meant is "strong opinions and beliefs." Saying you have strong morals and high values and thus will not live together before marriage does indicate judgment. Not trying to pick a fight, just calling it what it is.
Glad you and your BF are figuring out what will work for you. Good luck with your relationship.
Depends on the area you live in. In my area spring and fall are the busiest markets. Summer and winter are pretty slow. This summer has been the slowest since I have become involved in DH's real estate business. Really bad and lowering prices has not helped.
A seller who wants to get rid of a house in a slow cycle will probably lower their price to get rid of it.
The question was whether there's a time of year when home prices are commonly reduced. The fact that there are the most sales in summer doesn't mean that's when they're priced the lowest. The opposite is likely to be true because demand is highest then.
The traditional thought was that homes on the market in the fall & winter were "leftovers" from the summer and would be priced lower to sell because "nobody wanted them." But when houses are sitting on the markets for years in this climate, that doesn't hold true anymore, so no, there is no general time when home prices are reduced.
My Pinterest
The Googlesites Paint Bio
Thinking of doing cosmetic updates to a dated home? These were our costs.
What she said.
Duplicate
Gah, seriously Nest. Why can't I delete duplicates!
This may also vary a bit based on your location. I'm in MN, and it does seem that sellers tend to drop their prices a bit in the late fall since they want to sell before winter. Not many people like to move in the winter here (who wants to be hauling boxes when it's 2 degrees out!?!?!). Sellers want to get their homes sold in the fall, because the assume that if their home doesn't sell in the fall, it will remain on the market until spring.
This might also vary based on the type of housing. As our realtor explained when we were going to list our condo for sale ... condo sales aren't always strongest in the summer as SFH sales are. Many people buying SFHs are families with kids ... they are tied to the school calendar and usually want to move in the summer when school isn't in session. Many condo buyers are singles, couples without kids, or older people with grown kids, so they're not concerned about the school calendar and are more likely to move sometime other than summer.
Mr. Sammy Dog
Thanks for all the serious answers! i really appreciate it!