If you’re in the market for a new home, there’s no need to stop your search during the winter months! While it may seem like a perfect time to postpone your home-buying search, winter is actually a great time to buy a new home. During winter, the home-buying market can work in your favor, with timing on your side, competition at a minimum, and real estate agents and other housing professionals readily available.
So, throw on your winter coat and take advantage of these benefits of buying a home in the winter!
While the number of homes on the market may be lower in colder months, homeowners that do list their home in the winter are likely very motivated and serious about selling. This can work in your favor when it comes to negotiating the price of the home and closing costs. Some sellers may be determined to sell their house before the end of the year for tax purposes, so they may be more agreeable to your purchase conditions, meaning you could get a sweet deal!
As mentioned above, the winter months can cause many homebuyers to take a break from house hunting. For you, that means less buyers to compete for your favorite property. You can also take your time looking for your perfect home and not feel rushed into making an offer out of fear of losing out to other buyers.
Due to the off-season lulls in the real estate market, there are typically more industry professionals available to help with your home-buying journey. And with a shorter client list, real estate agents can devote more time and support to your specific home search.
A Winterized Home
Viewing homes in the winter can give you a first-hand look into how the home holds up in colder temperatures. As you tour the home, take note of the heating unit and its effectiveness. Pay attention to any drafts you may feel, especially near windows and exterior doors. Run hot water in the sink to test the temperature and its speed-to-warm. Also, have a home-inspection expert evaluate the home’s winter durability.
Hiring professional movers is one of the best ways to ensure a successful move. And during the colder months, many professional moving companies discount their service costs. Some moving companies also reduce their staff for this slower period, retaining only their most seasoned movers. For you, that can mean you’re hiring the best of the best to move your belongings — at the most affordable prices.
If you’re ready to take advantage of buying a home this winter, our loan experts here at PrimeLending are here to guide you through your home loan process! Connect with a loan expert today.