Possible Benefits of Home Purchases During Summer, Part 2

benefits home purchases summer

In part one of this two-part blog, we went over some of the reasons why many homebuyers look to the summer period as the optimal one for their purchase and move. This season might not be perfect for everyone, of course, but for those in a few particular situations, it’s often the best choice.

At Altius Mortgage and our partners with Mortgage Ogden, we’re happy to offer a wide variety of mortgage loans no matter what your timing needs are. Let’s take a look at a few more circumstances where summer purchasing might be your best bet, plus how to approach things during this time period.

Longer Days for Home Hunting

One of the beneficial characteristics of the summer compared to other seasons? There’s more natural light, with the sun often staying out until 9 or even close to 10 PM some nights. For those who are in the process of searching for their home still, particularly those who work long hours or do not have time during the rest of the day, this is a great opportunity to search for homes while there’s still enough light to get the full picture of their exterior.

This feature is valuable if you’ve already closed on the home and are looking to move during summer, as well. A few extra hours of daylight can make the difference between a partially-completed move and a fully-completed one, plus improve your safety quality.

Home Prep Time

Moving during the summer also makes home preparations far easier – both for the new house you’re moving into, or for your current home if you’re preparing to show it or conduct an open house. Once again, this is mostly due to weather concerns. It’s simply easier to clean up and organize numerous areas, particularly those outside the home that play a big role in curb appeal, when there’s no snow or ice on the ground.

Turning it Into a Holiday

Especially if you’re moving from one state to another, or even if you’re making a significant jump in location within your state, you can use this summer time period to turn parts of your homebuying experience into something of a vacation. Many families combine leisure and home searching during this process, taking part of a given day for search duties and then enjoying areas the city has to offer during other parts of the day. This kind of approach can significantly limit the stress often associated with homebuying for many people, allowing you to take a relaxed, careful approach where you’re never rushed.

For more on why the summer might be the perfect time of year for you to consider a move, or to learn about any of our mortgage loans or refinancing services speak to the staff at Altius Mortgage today.

Possible Benefits of Home Purchases During Summer, Part 1

benefits home purchases summer

For mortgage brokers across the country, one of the single most common questions received is regarding the best timing practices for obtaining a mortgage. Potential homebuyers want to know which season, time of year or even month is best for applying for a mortgage or closing on a home, hoping to find the best deals and mortgage rates possible.

At Altius Mortgage and our partners at Mortgage Ogden, we’ll assist you with a wide range of timing-related questions when considering a mortgage loan, especially for your first time. But in reality, the answer often depends on you and your individual circumstances – with the summer in full swing, this two-part blog will examine several conditions that might make this season the optimal one for you to purchase a home and begin the moving process.

Rising Market

At the top of our list is a consideration that relates specifically to this summer, and tracks back to continuously rising market prices in the homebuying world. Believe it or not, the housing economy is still technically recovering from the 2008 economic disaster, and predicting home values to continue to rise – as they have by around 6.5 percent over the last year – is a virtually certain bet at this point.

Along with this trend, interest rates are expected to continue rising as well. If you’re unsure of whether to pull the trigger now or later, doing so now, before prices rise further, can save you thousands on your eventual mortgage, both on the principal home price and your interest payments.

No School for Kids

For those potential buyers who have school-aged children, the summer offers a great window for a home purchase and move due to the fact that school is out. This is generally a chief complicating factor for moves during the school year – moving takes some significant commitment, especially for a full family, and even more so if you’re moving a major distance.

In addition to making moving simpler, this format also makes things easier on your kids themselves. If they have to change schools, it allows them time to settle in and get involved in fall school-related activities and meet new friends.

Great Moving Weather

Finally, another big convenience item is how much easier it is to move during the summer than other seasons. Utah residents know full well how quickly a storm can spring up during winter, and there’s nothing worse than trying to manually move large furniture and other home items during a blizzard. Especially if your move involves significant driving and manual lifting and carrying, the summer is usually the best time to get it done.

For more on reasons why you should consider a summer move, or to learn about any of our mortgage loan or refinancing services, speak to the staff at Altius Mortgage today.