When should we buy house?

Outside of winter, a fall purchase may be ideal for cash-strapped homebuyers. Once the summer ends, sellers get more motivated. They usually lower their prices and provide an opportunity to get a deal. As in the case of winter, there is also less inventory during the fall.

Many retailers want to avoid moving during the holiday season. This gives you more room to negotiate when you make an offer on a home. The main reason to wait is if your current financial situation is not ideal. For example, if you expect a hefty commission check, an inheritance, or some other windfall that would make a big difference to your down payment, it makes sense to wait until it arrives.

And if your credit score needs a little love, waiting is smart too. Take time to pay off your credit cards and improve your credit to qualify for better loan terms.