As you may have noticed, sales in the residential market are fluctuating throughout the year. People acquire their properties in the festive season, while the fall months are known for their low level of activity.

However many people are not aware of the fact that prices are also subject to seasonal variations and they do affect the number of sales. The analysis of sales highlighted certain periods of the year where prices are thumping high along with the times where the prices tend to fall. Thus, few months, in particular, are more advantageous for buyers and others for sellers.

Are you buying houses? When it comes to getting the best price, nothing beats a good timing. Here are some practical tips that will help you recognize the best time to buy.

Festive times seem to be the most active where most homes are being sold. As it is the busiest period, the prices will generally be at their high. It is certain that you will have more choices, but increased demand means that sellers will be less likely to move away from their starting price.

Time to Buy

As a rule of thumb, house prices reach their annual floor in some months depending upon their market price and demand. Hence have knowledge about the market condition and then start your research!

As a buyer, you will have less competition during the holiday season, while other potential buyers are too busy with their family plans for festive enjoyment. As holidays are a time when good mood reigns, you might encounter sellers, who will be more likely to lower their price.

A person who puts his house on the market during the holiday season is likely to take selling very seriously. The period of festive months is where you will find the best prices, but maybe you are just looking to explore the market before the sales season.

Do not forget that luck smiles at those who take it in advance.

--Shailaja K