Many think it’s just common sense to buy a house during the spring and summer seasons. After all, these are a pleasant time of the year, and people are more likely to get out there and shop while the weather is nice. You might also think that it’s better to look at the house when it’s not covered in thick snow.
Real estate expert drhorton.com reveals that there are still compelling and logical reasons to hunt for a new home during winter. Buying a house in the cold months is not the worst thing that can happen.
In fact, it opens many opportunities for the buyer that otherwise won’t be available during the more pleasant seasons.
Here are some of them.
Perhaps the most obvious advantage of shopping for a new home in winter is that you’ll have fewer buyers to compete with. A popular piece of real estate advice says that the ideal time for home-buying is spring and summer. It’s just simple economics, and the low demand will work immensely in your favor.
Prices are lower
When fewer buyers compete in the market, prices are bound to be lower. Avoid the high price tags during peak seasons and enjoy perks and discounts in winter, when supply exceeds demand.
Winter means low activity in real estate, which means that sellers will be more motivated to make deals. This is a time where sellers are more willing to negotiate, whether it’s on closing costs, terms of the contract, selling price, and even what household furnishings will be included in the sale.
Real estate agents work harder
Having fewer clients means that your real estate agent will have more time for you. The low sales volume during winter is enough encouragement for realtors to try a little harder in negotiating a sale.
Winter is a great time to invest in a single property, so put on your winter coat and get out there. You’re sure to find that it’s much easier to deal with sellers and agents at this time of the year.