The Best Time to Buy a House in Tennessee

The winter months are often the best time to buy a home in Tennessee for several reasons, including:

• Sellers are more willing to negotiate
• More homes to choose from in the post-holiday winter months

In years past, Tennessee has often been overlooked by those looking for a change of scenery. However, in more recent times, families across the United States have begun identifying the many amazing qualities unique to the state and make it an excellent place to call home. From a booming economy to leading universities, a strong music culture, fun, and mountainside sightseeing options like no other, the state is full of not-so-hidden treasures that make it a perfect place to call home. This is precisely why the state’s population has continued to grow year after year, as more people take the plunge into buying a home here.

The task of moving to Tennessee is made much easier by the state’s vibrant housing market, which often has listings for individuals and families of all sizes and plenty of variety in terms of location and features. However, anytime you’re looking for a home, always remember that timing is everything.

Shop for Homes in Winter

While not a hard rule, buying a house in Nashville or other desirable Tennessee cities will be more affordable if you choose to buy in the winter months. Specifically, prices tend to dip just after the holidays, during which many homes go unsold simply because buyers are preoccupied with other aspects of their lives. Homes that linger for too long risk going over the average listing time, and when this happens, homes are much less likely to sell. Smart homeowners will be motivated to sell before this occurs, which is why the price dips during these months.

During January and February, the housing market in Tennessee is a buyer’s paradise. With the motivation for sellers to close out deals come quite a few noteworthy benefits, including:

• January listing prices 8.2 percent below average
• February closing costs 6.7 percent lower than average
• 26.1 percent more homes to choose from
• Lower interest rates from many lenders

Both listing and closing costs tend to be lower during these months because motivated sellers are much more open to negotiating prices, which means you could acquire your Tennessee dream home for thousands of dollars less than you originally anticipated if you have a good realtor on your side. Additionally, having more homes to choose from is never a bad thing. This allows you to truly find a home that fits your needs regarding size, features, location, and more, while still enjoying the lower prices the season has to offer.

Shopping for a home in Tennessee in the winter months directly following the holiday season is a must if you’re looking to get the best deal on a home in this cozy yet vibrant corner of the U.S.

Get a Better Deal by Working With a Trusted Local Agent

Set yourself up for success when buying a home in Tennessee by working with trusted, experienced real estate agents who know the area inside and out and have years of experience with the unique movements of the housing market throughout the state. Not only can these agents often negotiate smoothly and from a strong, informed position to get you a better closing deal with the sellers you’re working with, but they can help you really and truly dig into the house search to find the home of your dreams.

Find Your New Tennessee Home Today

If you’re looking to make the beautiful state of Tennessee your home, Capitol Homes, Inc. is here to ensure you find the best home at the right time and that you get the best possible closing cost at the end of negotiations. For over 20 years, we’ve used our team’s wide range of expertise and industry knowledge to place countless families into homes they love, and we’re here to do the same for you. Contact us today to learn more about buying houses in Tennessee or to begin your hunt with the help of a qualified and experienced agent.

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This post was written by Capitol Homes