3 Reasons Why You Should Buy a Home this Winter

3 Reasons Why You Should Buy a Home this Winter

For most people the time between Thanksgiving and Christmas is one of the craziest times of the year but for home buyers it may be the perfect time of year to buy a home.  A few years ago when an offer came in on one of my listings the seller said to me...who makes an offer 2 days before Christmas -- my response.....serious buyers!!

If you are looking for a reason why to buy a home this winter, I'll give you 3 reasons why you should buy a home this winter.

3 Reasons Why You Should Buy a Home this Winter

Reason #1:  Buying a home in the winter equals less competition.  In the spring months, the market is swarming with buyers.  There's lots of inventory but also lots of competing offers and bidding wars.  Everyone is trying to be in their new house for summer and definitely before school starts but it's the opposite in the winter.  There's less buyers to compete with and sellers may be more willing to negotiate.

Reason #2:  Motivated sellers are selling their home in the winter.  Not that I'm saying that sellers in the spring aren't motiviated or don't want to sell but the winter is a more challenging time to sell a home.  Not only because of the holidays but winter sellers are fighting against Mother Nature.  Selling a home in the winter with shorter daylight hours, combined with freezing temperatures and snowstorms can be challenging to say the least.    

Reason #3: According to an online article I read in Realtor Magazine, for the week ending December 4, 2014, mortgage rates are at the lowest they've been since May 2013 which is a savings for home buyers and for the seller if they are purchasing a move up or downsize home!! 

Is buying a home on your Christmas list this year? If you answered yes, contact Essex County Real Estate Agent, Gina Chirico 973-715-1158 serving most areas of Essex, Morris, Passaic and Union Counties in New Jersey.