Exploring the Best Time to Buy a House in Summerville

Many of  who call Summerville home find that the beginning of the new year serves as a useful benchmark. This is when it’s easiest to collect the bygone year’s household bills and receipts and stash them in the drawer, box, or envelopes marked “2016” to be revisited at tax time. Once all the holiday ornaments are safely stored for next year, it’s time to embark on the coming year with a refreshed outlook and energy.

When you go looking for fresh insights that will be relevant to Summerville real estate buyers and sellers, some of that New Year’s enthusiasm can come in handy. Particularly when you come across news items with headlines like “The Best Time to Buy a House” or “The Best Time to Sell a House.” It’s not that the topics aren’t interesting, but since we know darned well that there’s no such thing as a single “best time” to buy a house, it takes a little extra energy to read further. The best time to buy a house in Summerville depends on the area, neighborhood, on the current market activity which varies from year to year—and on the qualities of the property itself.

Nevertheless, coming across the Business Insider piece headlined, “New research reveals the single best day of the year to buy a house,” it was simply too tempting to pass up. The best single day! This was nonsense, of course, but with fresh 2017 energy to spare, it had to be checked out! Here’s what was revealed:

This analysis resulted from some past research dusted off from RealtyTrac’s review of more than 32,000,000 home and condo sales from across the nation. It had taken 15 years to collect all that data, but when they put it all into the proper columns and added and divided in the way statisticians do, they came up with the final answer:

The best day to buy a house is October 8.

Now, since it’s going to be a long time until the next October 8 (it will fall on a Sunday), some secondary news might be of more immediate interest to Summerville readers. The best month to buy may be October, but the second best month to buy a house is February! So wouldn’t it follow that January is a good time to start looking?

The way RealtyTrac defined the “best” time to buy was by comparing the sale price with the fair market value. For buyers, the best day was the one with the biggest average discount. October 8 was that day.   

Now, the practical use for this information here in Summerville is very limited for a couple of reasons. First off, they really meant “best day to close” a sale—leaving open the more tactical consideration, which would probably be the best day to make an offer. Then, too, the residential market and resulting sales results over the past 15 years have been so varied and sometimes so wildly atypical that generalizing from them could yield almost any answer. Also, this was a nationwide survey—so even just the way weather here in Summerville differs from the national average would certainly affect the results.

But the ideas written about did have some practical value. They highlight the notion that for buyers, the late fall and winter months might be a pretty good time to buy a house in Summerville even when there are comparatively fewer properties on the market.

It’s true that today there are some great buys to be had—which makes it a great time to give me a call!

Two Ways It’s Getting Easier to Buy a House in Summerville, SC

Buying a house should be getting easier.

For most people who are looking into buying a house in Summerville for the first time, the two greatest obstacles appear to be financial, and—for lack of a better word—emotional.

Let’s deal with the second barrier right off the bat. Emotional may not be an apt adjective because most of the emotions that accompany the process of buying a house are positive. The potential of joining your Summerville friends as a homeowner is certainly a positive goal. Accompanying your chosen Summerville Realtor® on house-hunting tours in search of your dream house takes energy—but they are also some of the most interesting shopping trips imaginable. And the pride of ownership that comes with unlocking your own front door for the first time is a truly satisfaction-producing moment.

Stacked up against all those positives is one strong negative for first-time buyers: the instinctive impulse to avoid the unknown. The process of buying a house is full of legal, technical and procedural details that can appear to be all but impenetrable to those who’ve never weathered them before. That makes it understandable why you’d want to put off tackling the whole can of worms—especially since buying a house is such a weighty transaction.

The reason this first barrier is ultimately overcome is probably also why nearly 90% of U.S. residential real estate transactions involve a real estate professional. It doesn’t take long before most future buyers learn that they can enlist the services of a professional like me to act on their behalf…for free! With a Summerville Realtor to guide and advise on all aspects of buying a house in Summerville, the technicality obstacle disappears. Veteran homeowners don’t give it a second thought.

Which leaves that other barrier: the financial one.

But here, too, buying a house should have gotten somewhat easier. Not because it’s any easier to make money—and not because having enough of the green stuff isn’t still a prerequisite to getting a front door key of your own—but because there are so many readily accessible ways to track and control personal finances. Keeping up with household expenses once meant conscientiously stacking incoming bills and mailing out payments at the end of the month—then having to wait for the bank statement to arrive to verify household balances.

Today all that information can handled online—and any number of personal finance software solutions like Quicken, Microsoft Money, and iCash make it easy to track and schedule just about everything. That means it’s a simple matter to keep on top of all the income and expense flows as their deadlines come and go month-by-month. This doesn’t make any expenses disappear, but it does make it much less likely that due dates will be accidentally overlooked—or that credit score damage will result. It also makes it a whole lot easier to project income and expenses into the future—and to plot a savings trajectory that produces the down payment you need when you need it.

Buying a house in Summerville becomes a less daunting prospect when your financial picture is organized for clarity—and when your house-hunting team includes an agent with wide local experience and personal knowledge of the current Summerville offerings. That’s me!

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4802 E Red Maple Circle, Summerville, SC

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3 BEDROOMS | 3 (2 full, 1 half ) BATHROOMS | 2140 SQUARE FEET

Lovely Charleston single featuring 3 bedrooms, 2.5 baths, large yard, and a detached 2 car garage. The office, dining, and foyer area features hard wood floors. The Family and kitchen room features an open floor plan perfect for interaction when entertaining. The kitchen features plenty of cabinet space for storage, corian counter tops, and tile floors. The upstairs master also has tray ceilings, garden tub in the bath, and a LARGE walk in closet. The 2 additional bedrooms are spacious as well. The back yard has a 6 foot privacy fence and a large patio area perfect for those summer BBQ's. The large side yard is also perfect for family gatherings. If you have been looking for the right home, neighborhood pack full of amenities, convenient location, then look no further.

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