Updated almost 11 years ago on . Most recent reply
Best time of year to buy rental property?
If you were to remove the financial aspect from the equation what would be the best time of the year to purchase a rental property. By this I mean removing the fact that prices might go up or down, or the fact that interest rates will change for better or worse ect.
Assuming nothing changes financially what is the best time of year to buy?
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Joe Villeneuve
#5 All Forums Contributor
Pro Member
#5 All Forums Contributor
- Plymouth, MI
When the numbers work.
If you're asking when the numbers work most often, I don't know if you can pin point a specific time of the year...but if I had to, I would probably say right now.
Prices are usually higher during the summer months. Once school starts, unless someone HAS TO buy, the number of buyers drop. Also, nobody wants to move during the winter ...unless they have to. So, demand goes down, and so do prices.
Most sellers (or their agents) understand this, and either pull their property until spring, of if they have to sell, drop the price.