Reply to When is the best time of year to buy?

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[quote=VArealtor][quote=Anonymous]OP here. We are currently renting a place we love and don't want to move. We were thinking about purchasing a house as a rental property. I am wondering if there are certain times of year when it is best for buyers. [/quote]

Just saw this post.

Before you decide that you want to pursue an investment, rental property do look up the laws in your area. Oftentimes the laws are cumbersome and not very landlord friendly. Now couple that with the costs of maintaining a rental and it might be more of a hassle than it is worth and in some cases, not such a great investment.

There are occasions when it makes sense like if you know that a new company will be moving into the area within the next year, or you predict that a certain neighborhood will develop favorably, etc. These are gambles, however. Also remember that if you get lucky, these are all long-term investments and you will initially be breaking even (depending on your market, possibly not even after you factor in costs).

Do as much research as you can before jumping in.

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