Advantages of Buying a House in WinterPosted Thursday, January 2, 2020
While spring and summer are known as the prime seasons for home-buying, you may be surprised by the advantages of buying a house in the winter real estate market!
Less homes for sale and fewer buyers mean less competition, which is great news for buyers. Since prices are lower than during peak season, your realtor can help you find a good deal in the real estate market. Avoid missing out on your dream home or getting caught in a bidding war!
Less competition also means that sellers who list their home in winter are likely to be more motivated and willing to work with you. This is an upper hand for buyers and you can work with your realtor to negotiate.
There’s also a chance that you can have a quicker closing on your loan because your lender’s schedule is less busy than in warmer months.
With supply and demand down during the winter months, there is a greater chance that you might save money! It’s possible that homes for sale have been on the market for a few months and drop in price. You can also save money through tax savings! Purchasing a home during the winter months is a great opportunity to write your real estate purchase off on your yearly taxes.
Looking for more information about buying a house in the winter market? Get help from a trusted realtor! Call Sharon Falco at 630-307-2760 or contact us.