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Cold Fronts & Real Estate.
Winter months, in many states, slows down life immensely. It seems much harder to peel yourself out of bed, and even your vehicle takes more time to reach operating temperatures.
What does the cold mean for buyers and sellers though?
Winter sure doesn't seem like the optimal selling time, but it sure seems like a great time to buy.
"The best month to make an offer on a house is January. Fewer buyers are willing to house-hunt during cold, nasty weather, so there’s less competition and few, if any, bidding wars. Sellers also tend to be more motivated than they will be in the spring, when there are more buyers," according to Mark Di Vincenzo of Time Business.
Tax returns may be starting to show up in bank accounts around this time, but the expenses of the holiday season still leave many people uneasy.
On the flip side, the average home buyer has evolved over the years; the stigma that owners should wait until spring to put their property on the market no longer holds up. As Zillow explains, "Today, more than half of buyers aren’t married, and their decisions aren’t based upon school schedules. So spring isn’t as relevant as it used to be. Instead, the best time ... more
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