Buying or selling a house during the holidays may not seem like a great idea.…
For so long, the prime season for moving and house hunting has been summer and spring. This comes as no surprise since most houses look their best during these two seasons; the lawns are fresh, pavements are clean, and the panes are shimmering throughout the entirety of the property.
At these prime seasons, everything comes together nicely, which means you may have to pay an outrageous price for the property. At other times in the year, Sellers don’t have to scrape snow off their yard to make a sale, which makes it very logical to go house hunting at this time of the year. Indeed, you can derive a ton of benefits from house hunting during the winter months. Here are some of the most obvious benefits.
1. Most buyers stay indoors
This is probably one of the most definitive advantages of house hunting during the winter months, as there’ll be fewer buyers out there. Most people don’t know that there are logical reasons for purchasing a house in winter, and as such, they reserve their purchase for the prime seasons when houses are a lot more expensive. Naturally, price drops when demand is scarce; its basic economics.
2. better deals
As there are no many buyers in the market, sellers will have no choice but to bring down their prices to make a sale. During prime times like spring and summer, demand is high. But in the winter months, the reverse is the case. if you go house hunting in winter, chances are you’ll come back with a much better deal than you would in spring or summer.
3. Sellers are motivated to sell
No doubt, there is less inventory during winter. As such, you may not find too many houses in the market. But when you find one, you can rest assured that the seller will be motivated to sell. Winter is the best time to negotiate and reach a bargain since sellers won’t have the time luxury to wait for a better offer to come along.
4. fewer offers
Real estate thrives on buyers’ offers. During the prime times of the year; namely, spring and summer, sellers get multiple offers for their property. But, when it starts snowing there is a visible decline in the offer made on houses. Because of this reduction in demand, you as a buyer will have the upper hand and the seller will be more inclined to accept your offer.
5. Realtors are more cooperative
If you want realtors to work double-time for your sake, go house hunting during winter. There are fewer buyers in the market, which means fewer people are requesting for their undivided attention. At this time of the year, sales will be pretty thin for your realtor, which means he/she will have the time luxury to negotiate in your favor.
Naturally, when people put their house up for sale, it’s because they are moving. Nevertheless, some other circumstances can incite us to buy, move, or sell. But if you have been led to think that buying a house during winter means you’ll be getting the worst bargain, think again.