Why Winter is The Best Time to Buy..
Wednesday Dec 25th, 2013
Timing is a critical factor in buying a home. Real estate wisdom tells us that spring and summer are the major seasons for house hunting. People are more likely to get out and house hunt when the weather is nice. Sellers know that their yards look better when not covered in snow. And all these are compelling reasons for going shopping for a house in the winter time!!!
We want to tell you that buying a home in the winter months may be one of the housing industry’s most downplayed opportunities...
Sales are slow with both price and inventory decreasing starting from November and hitting rock bottom in December. Thus making the holiday season a great opportunity for motivated buyers and investors.
Fewer Buyers to compete with means you can maximize your purchasing power – In simple economics the low demand will work in your favor. So for investors looking to grab a great deal, winter can be prime time.
Sellers are motivated – as mentioned above, sellers will choose not to list in winter unless they are motivated. Real estate agents know that the slow winter months are when sellers are more willing to negotiate, whether it is on selling price, closing costs, closing date, or terms of the sale including what comes with the property and the conditions of the sale. Motivators could be dictated by job offers, divorce, financial woes, etc.
Less chance for multiple offers on the real estate of your dreams – buyers will have the upper hand in negotiating for extraordinary properties and real estate that otherwise would most certainly be out of their reach during the rest of the year.
Lastly, with less real estate activity, your realtors have a less demand for their time. This can be a wonderful opportunity for them to give you undivided attention and be able to work harder for you.
SO BRAVE THE COLD and get out there. Your dream home could be waiting for you..