Buying a Home in March? 3 Things You Need to Know …
If you’re considering purchasing a home in the LBI Region this March, you’re making a wise decision! With winter behind us and the busy summer season still a few months away, March can be an ideal time to find your dream home—whether it’s a cozy inland retreat or a breathtaking coastal escape. However, buying in March comes with its own unique factors to consider. Here are three things you should know to maximize your home search this season.
1. Take Advantage of Pre-Spring Inventory Increases
As the weather warms up, more sellers start listing their homes in preparation for the spring market. March is a great time to jump on these new listings before competition heats up.
- More Choices, Less Rush: March sees an increase in available homes, especially in coastal areas like Long Beach Island, but it’s still early enough to avoid the intense bidding wars of peak season.
- Flexible Sellers: Many homeowners who listed in winter might be eager to sell before the full wave of new listings arrives, making them more open to negotiations.
- Spring-Prep Insights: Checking out homes in March allows you to see how well properties handle winter conditions and how they transition into the warmer months. Pay attention to drainage, roof condition, and outdoor spaces.
2. Lock in Your Mortgage Rate Before Peak Season
Interest rates can fluctuate throughout the year, and with more buyers entering the market in April and May, mortgage rates can sometimes creep up. March offers a sweet spot to secure a favorable rate before demand spikes.
- Pre-Approval Power: Getting pre-approved early in March gives you a strong advantage in negotiations and ensures you’re ready to make a competitive offer.
- Potential Rate Hikes: If experts predict mortgage rates may rise, acting now could save you money over the life of your loan.
- Lender Availability: Mortgage lenders tend to be busier in late spring, so working with them in March may lead to quicker processing times and smoother transactions.
3. Prepare for Spring Maintenance Needs
Buying in March means your home will soon face the transition from winter to spring. Whether you’re eyeing a lagoon-front home or something inland, you’ll want to prepare for seasonal upkeep.
- Coastal Considerations: Check for any winter storm damage, especially to bulkheads, docks, and roofing in homes near the water. Salt air can accelerate wear and tear.
- Flood Zone Updates: Some areas in the LBI Region have evolving flood maps. Ensure you’re aware of any changes that may impact insurance costs.
- Spring-Ready Landscaping: March is a great time to assess a home’s outdoor space and plan for any landscaping or exterior improvements before summer arrives.
Bonus Tip: Scope Out the Off-Season Vibe
March offers a unique chance to experience the LBI Region before the summer crowds arrive. Take time to explore local restaurants, shops, and amenities while they’re still operating at a relaxed pace. It’s a great way to envision what year-round living or a vacation home lifestyle would be like.
Final Thoughts on Buying a Home in The LBI Region in March
Buying a home in March can be a strategic and rewarding move, especially in the LBI Region. With increasing inventory, lower competition, and a chance to lock in a mortgage rate before peak season, you can position yourself for a smooth purchase.
If you’re ready to find your perfect home, let’s start your search today!
Selling a Home in March in the LBI Region
Last Updated on March 5, 2025
