It has been said that springtime is the perfect time to buy or sell a home, but is this always the case? Not necessarily, while springtime is the most popular time, winter months can work in a home buyer’s or seller’s favor. This can include having more time on your side to decide, not as much competition, and real estate agents have more time to focus on just you. Here are several reasons that this winter might be the right time to purchase a home.
1. Winter-Tested Houses
The winter brings harsh cold weather to most every area in the US. During the harsher cold weather, a home inspector can see the home’s flaws a little better. If you close on a home in the summer, you might have some surprises in store next winter. Professionals in the industry will tell you that the best time for a property inspection is during the rain and snow.
2. Motivate Sellers
Inventory is fairly low and slow in the winter. If someone puts their home on the market in the winter it usually means they are a motivated seller. If you are in the market for a new home, sellers will be more prone to accept offers and negotiate more on the price and closing costs during the slow winter months.
3. Fewer Buyers
The winter months are a great time to hibernate indoors so to speak. This means that there are fewer buyers out there during the colder months that are looking at a home to buy. You definitely will have less competition in the housing market during the winter. This means you can take your time and make sure you are not rushed into making an offer.
4. Available Realtors
Since winter is considered an “off-season” for realtors, this means that realtors have more time on their hands to devote to you and your search. A realtor will not only be able to devote more time but also support your specific home search.
5. Discounting Movers
Colder winter months are also slow for professional movers. This means that many movers might give company discounts to their services during this time. Since they will also have a lighter schedule, they will have more free time so they should be able to accommodate when you would like to move.
If you are ready to move before the spring, contact a local real estate agent who can help you with the home buying process. A realtor can not only find you the home of your dreams, but can get it at the right price and right terms.