Advantages of Buying a Home During the Winter
Winter home sellers may need to sell during this time of year because of a new job offer or plans to move to another state. The fact that they are putting their homes on the market when most other people are getting ready for the Spring market is good news for you. Most sellers who put their home on the market during the winter rather than in the busier spring market are more motivated.
Less Competition from Other Buyers
Fewer buyers searching for homes means you won’t get outbid on the home you want. We often see multiple offer situations during the spring because of the surge of buyers entering the market, which can drive up the price of a home. With less competition this is less likely to happen.
Motivated sellers will often price their homes to sell during the winter. This is a great time to find houses that have had price adjustments or are value priced to sell faster. Just remember to have realistic expectations: you won’t see rock bottom prices on homes, but you will see some great deals on homes during this season.
Seeing the Heating Systems in Action
One of the benefits of buying during the winter is that you can get an accurate idea of whether the home’s heating, plumbing, and drainage systems are running efficiently and working properly. Buyers may even be able to detect issues with leaks or cold spots that aren’t as obvious in the warmer months.
Faster Mortgage Approval
This time of year lenders aren’t as busy, so this could mean faster approval for you. With fewer buyers applying for mortgages, there aren’t as many loans in the process so your mortgage lender may get back to you sooner. You may even close sooner than you would if you shopped for a home in spring. Take advantage of these great rates!!
Call me today and we will find the right house for you! (203) 984-8922