When should you use those islamic mortgage loans?
Islamic mortgage loans are the best way to stay Sharia compliant and away from riba, but you still need to have some practical knowledge about how and when to sign on the dotted line. That said, here’s a few seasonal tips on the best times to buy and sell a property.
The colder the weather, the better time to put those islamic home loans to work. For example, Winter is the best season to make an offer and the best month has been proven to be January. Sellers are more willing to cut a deal when the wind and snow are at their worst since fewer buyers are patrolling the market.
On the flip side of the coin, the best time to sell your home is in the Spring. People are out and about after being closed in for the winter and many of them have tax refund checks at the ready.
Finally, the best day of the month to make an offer on a house using Islamic mortgage loans has been proven to be the first Tuesday. That’s generally just after the person trying to sell has paid the mortgage and they’d like to avoid repeating the process.
