Reasons to buy a house in the winter
Some people say the best time to buy a house is in the Spring and Summer, and while that may be prime buying time, we suggest buying a home in the Winter. Don’t let low temperatures deter you from buying a house. We believe the winter months are truly a buyers market.
Winter Advantage for Real Estate
Sure, it is cold outside and yards may be covered in snow, but house hunting in the winter is really beneficial for buyers. Your best bet at finding a home, negotiating an offer and winning a bid is during these cold months. Here are some advantages that show how you could benefit from working with a real estate agent to house hunt in the winter.
- Less Competition
During the winter months, there is less competition. Inventory may also be lower, but your chances of beating out other offers is high. Less people are looking to buy, making the chances of your offer going through higher! This translates to buyers also having the upper hand over sellers in the negotiations.
- Lower Prices
It is common that house prices drop in the winter months. This means a better value for you! When you have fewer buyers in the market, supply exceeds demand which results in prices being lower than during the peak season.
- Motivated Sellers
Low activity in the winter will result in sellers being far more motivated to sell. Low winter months are when sellers are more willing to negotiate, whether it is on selling price, closing costs, closing date or even terms of the sale.
- Agents Work Harder for You
Low activity during the winter months also means you will have the undivided attention of your realtor, ensuring they will work harder for you.
If you are looking to buy a house, we suggest you brave the cold and house hunt. Less competition, lower prices, motivated sellers, and more attention from your real estate agent are all reason why we believe the winter months are a great time to buy.
Buy A Home This Winter
If these four points sound appealing to you, we suggest you find a real estate agent and begin your house hunt. Don’t sit back and wait for spring or summer when prices increase and the market is flooded with other buyers. Take advantage of this time and get the most out of your budget.