Buying a home in the winter isn’t such a bad idea after all. Here are four reasons why.
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Want to sell your home? Get a home value report
Want to buy a home? Search all homes for sale
Winter is upon us, and today we wanted to show you four different perks of buying a home in the winter. The market may not be as active as it is in the spring and summer, but it can be just as beneficial.
1. Motivated sellers. Since spring and summer are the most active seasons, many sellers wait until then to list their home. That means there are fewer homes on the market now, but sellers who are listed often have strong motivation to sell their homes quickly.
2. Less competition, more leverage. Just like there are fewer sellers on the market, there are fewer buyers too. This means less competition for you as a buyer and sellers who are more willing to accommodate you. A low number of potential buyers also gives you more time to make decisions. Use this knowledge to your advantage when making an offer.
This market can be just as beneficial.
3. Viewing a home in the winter. Although the winter months can be more hectic around the house, viewing a home during this time can give you a unique perspective. It’s also a great time to see how involved the neighborhood is around this time of year. Do a lot of people decorate their homes and yards? Do they come together for a theme?
4. Vendors are less busy. Everyone, from lenders to movers to title companies, tends to be in their slow season around this time of year because of the lack of buyers on the market. This gives you a distinct advantage in working with the different vendors on your time, not theirs. Lenders are able to focus more attention on you and push loans through quicker. Movers are also more flexible with scheduling and may even be open to negotiating prices.
While you may be tempted to pack in your home search for the winter, don’t postpone. Now is the perfect time for a buyer’s market to work in your favor. If you have any questions for us, don’t hesitate to give us a call or send us an email. We look forward to hearing from you.
