7 Reasons to buy a home in the winter, from Fry Realty Collective!
Less Competition- More buyers buy in the Spring & Summer. Many people won’t look for homes in the winter as they don’t want to move in bad weather or change schools during the year.
Lower Prices-When you have fewer buyers in the market, supply exceeds demand. Home prices change with the seasons and wintertime home prices are the lowest of the year!
Motivated Sellers-Typically, the sellers who are listed in the Winter have to sell. All the low activity in the winter will result in sellers being far more motivated.
Seller’s Circumstances-Winter listings are commonly the due to things like… a job offer, or the seller may have issues that are dictating his/her actions—financial, divorce, etc.
Less Multiple offers- The fewer number of buyers competing for homes means that the chances of there being multiple offers on a single property are greatly reduced.
Reality Checks – Warm weather makes you overlook things that influence your decision such as… a steep/slippery driveway, the importance of proper insulation or good windows. The draft you feel when it gets below freezing is hard to cover up.
Better and faster service- Realtors have fewer clients in the winter and can spend more time with you. Mortgage, and title companies, attorneys, and inspectors have fewer real estate clients to work with during winter months too.
So brave the cold, remember that interest rates are still low, pull on a winter coat, and get out there and house hunt.