4 Reasons Why You Should Home Shop in the Winter
The spring and summer months are typically the busiest for home purchases. And for good reason: warm weather makes open houses, home inspections, and moving more appealing.
But what about in the winter? While it is true that things slow down during the winter, that is not necessarily a bad thing. If you are looking to buy a home, the season benefits you in particular! You could even say that winter is the best time to look for your next home. Let’s explore some of the significant benefits you may find if you choose to go house hunting in winter.
Less Competition, Less Frenzy
Less competition is favorable to both home sellers and home buyers. When there are fewer buyers to compete with, you are less likely to enter a bidding war and more likely to have your offer accepted.
More people stay inside when it's cold as well, and tend to go house hunting during the summer months. In return, you'll have an advantage and will beat out the competition if there is any.
Bidding Wars are Less Likely
Would you like to possibly save some money? During the winter, there are fewer buyers, so bidding wars are unlikely, and you can negotiate a better price.
Take your time, as the lack of competition, combined with the seller's eagerness to close, gives you the edge. They may even be willing to waive some of the contingencies in order to get you into the house or agree to your move-in date, even if it means leaving earlier than expected.
The House is Put to the Test
You probably imagine yourself pulling up to a home when it has a lush, green lawn and blooming shrubs. House hunting in the winter is a different story because you can see past the initial curb appeal that would normally have you starry-eyed.
When you are inside the home, you can witness if the windows are old and drafty and if there is poor insulation. If you have snow in your area, you can also note if there is any leaking in the ceiling. Home shopping in the winter allows you to view homes on their worst days, instead of their best, and benefits you greatly so you can know what you’re possibly getting into!
Faster Closing Times
If you do not experience inclement weather and heavy snow in the winter, (which could delay inspections and surveys), all the parties involved in the home-buying process are less busy than they would be during other seasons, from the real estate agent to the lender to the appraiser.
When you consider how many steps are involved in purchasing a home, this is fantastic news.
The Best Season is Off-Season
If you're on the fence about purchasing during the winter, consider the benefits we covered. There are also a number of factors to consider when selling your home during the winter months.
Finding a trustworthy and reliable Realtor can point you in the right direction when it comes to determining the best time to buy. It's also worth noting that buying during the winter season can mean a variety of things depending on where you live. You should not, however, be swayed by myths about the real estate "off-season." Let's talk about your needs today, we can't wait to help you find the perfect home!
