Should I buy a home in the winter?
Don’t pass up that ‘for sale’ sign stuck in the snow-it might just be your ticket to finding your new home at a steal! Real estate sales naturally slow as the seasons change and most home seekers put their search on hold until spring, but not you. You see an advantage in an overcrowded marketplace.
- Motivated to Sale
When home sellers list their place in the winter, it usually means their life has experienced a change in plans and now is the time for them to move on. Maybe they just accepted a new job offer in a different city or they already moved out to a new town and the home has been on the market longer than they like. This means you’re in the right place at the right time!
- Determine Your Deal Breakers
Fewer buyers in the market may afford you a better price on a house, but don’t overlook those deal breakers you set at the beginning of this home buying adventure. Don’t budge if the house has a shoddy roof and old plumbing and what about bad windows? Sellers may be willing to bargain, giving you more incentive, but you need to give yourself permission to walk away.
- Less Competition
Local real estate comes down to supply and demand. Facing fewer buyers in the winter months than in the traditional selling season from March through August, means the seller may be eager to compromise on price or closing. Winter can be prime time when it comes to finding a good deal with less competition.
- Property Perspective
The cold outside may give you more perspective inside. The harsh winter weather can take its toll on a home. The cold and wind test a home’s insulation. Take time as you tour the home and take notes of any cold drafts in the rooms. Consider how the home’s current condition could impact you later financially.
- Pick a Professional
Keep calm and call a professional RE/MAX Capitol Properties Realtor. A slower selling season means your real estate agent and lenders are standing by for your call.
So, get out there-bundle up and brave the cold in search for a bargain. RE/MAX Capitol Properties can help!