Why Do Smart Homebuyers Shop in Winter?02/15/2019 The chill is still in the air and snow may be on the ground; however, the smartest homebuyers know that winter is a hot time to search for a new home. Some may be still be recovering from the holidays and think it's too overwhelming to throw a move into the mix. However, there are some pretty significant benefits to getting pre-approved for your mortgage in the "off-season" and taking on the home finding process before the influx of shoppers hit the market. Check out these reasons why buying is the winter can be to your advantage! Homeowners Are Motivated to Sell Once the fall season comes to an end, the real estate market typically starts to slow down and home sellers begin losing hope that they will sell their home before the end of the year. Home sellers that leave their home on the market might have a tight timeline for job relocation or other deadline contingent factors which may make them more motivated to look at your offer and negotiate. Low Prices During the months of December – February, the average sales price of existing homes tends to drop significantly. This means you might be able to get more for your money if you can deal with moving in the winter. Also, note buying in June or July could mean that you’re paying more for your home as well as for your movers – so if you’re flexible with your moving timeline, shopping in the winter months could be a great cost-saving strategy. Less Chance of a Bidding War Nothing is worse than falling in love with a home only to be outbid by another buyer. Buying in the winter will reduce your competition significantly, so you’ll have less chance of getting into a bidding war – which again means a better price for you and a lot less stress. If you’re ready to take the next step and talk to one of our homebuying consultants about buying a home this winter, please complete the form or give us a call.
Why Do Smart Homebuyers Shop in Winter?02/15/2019 The chill is still in the air and snow may be on the ground; however, the smartest homebuyers know that winter is a hot time to search for a new home. Some may be still be recovering from the holidays and think it's too overwhelming to throw a move into the mix. However, there are some pretty significant benefits to getting pre-approved for your mortgage in the "off-season" and taking on the home finding process before the influx of shoppers hit the market. Check out these reasons why buying is the winter can be to your advantage! Homeowners Are Motivated to Sell Once the fall season comes to an end, the real estate market typically starts to slow down and home sellers begin losing hope that they will sell their home before the end of the year. Home sellers that leave their home on the market might have a tight timeline for job relocation or other deadline contingent factors which may make them more motivated to look at your offer and negotiate. Low Prices During the months of December – February, the average sales price of existing homes tends to drop significantly. This means you might be able to get more for your money if you can deal with moving in the winter. Also, note buying in June or July could mean that you’re paying more for your home as well as for your movers – so if you’re flexible with your moving timeline, shopping in the winter months could be a great cost-saving strategy. Less Chance of a Bidding War Nothing is worse than falling in love with a home only to be outbid by another buyer. Buying in the winter will reduce your competition significantly, so you’ll have less chance of getting into a bidding war – which again means a better price for you and a lot less stress. If you’re ready to take the next step and talk to one of our homebuying consultants about buying a home this winter, please complete the form or give us a call.