If you're not sure when to buy your Laguna Beach home, here's a quick guide to help you make the right choice.
1) Holiday season
Home buying all but comes to a stop during the holidays, but experts think it's the best time to look at Laguna Beach properties. During Christmas and the weeks that follow, people are generally in better moods and thus more willing to negotiate. And since buyer activity is so sparse, the chances of competition tend to be slimmer. Records show that prices also tend to drop in December, because anyone selling at that time of year is probably more determined and accommodating to buyer's offers.
2) Early spring
Of course, not many agents are willing to spend Christmas Day leafing through Laguna Beach properties. If holiday buying is out of the question, your best alternative is early spring, particularly the Easter season from late March to late April.
A typical seller will start marketing his Laguna Beach home before buying season actually starts. By getting in your offer before everyone else, you have more time to negotiate and revise your offer as necessary.
3) Late-season shopping
Many experts have also adopted the rule of "buying in bad weather." Just as coats go cheaper as winter comes to a close, Laguna Beach home for sale prices tend to fall as buying season ends. Prices in early June may not be as attractive as they are in December, but there's definitely some money to be saved. Just remember to pay attention to the homes condition-if it's had to slash its price by summer, it might be worth asking why it failed to sell all through spring.
4) Local trends
In a market like Laguna Beach, price differences can be observed in a span of two blocks. It's not uncommon for two adjacent neighborhoods to have completely different sale patterns. Try to get hold of local information for the areas youre looking at, and see which months have the cheapest Laguna homes for sale. Your agent can help you analyze the figures and determine the best time to shop for your Laguna Beach home.
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