Is winter a good time to buy?

By
Real Estate Broker/Owner with The Real Buyer's Agent

When most people purchase a home, they do it for their convenience and the convenience of their family, especially if they have school-age children.  If you purchase a house in the right season, it will make a big difference in the price that you pay for your house. 

The sale and price of a house is lower at the beginning and the end of the year.  Sales increase in the spring, peak in June or July and starts declining in the fall.  The price decrease or increase is often determined by the weather, the holidays and school schedules.  Parents with school age children try not to move during school months unless it is absolutely necessary.  If a move takes place during inconvenience times, it sometimes happens because they had to move because of a job transfer, a divorce or some other problem that can't be helped. 

Not many people want to move during the holidays because there's too much activities going on plus moving when there's bad weather isn't much fun. This is probably why most people tend to move during the summer when it's their vacation time. 

The size of the housing inventory is often limited during off peak season, since sellers are also busy and it's hard to keep your house show ready during the busy holiday season. If you are flexible about timing, it can really work to the buyer's advantage to buy during the winter months Shopping out of season can sometimes gets you a better price on the property that you normally wouldn't be able to afford. 

And don't just take my word for it... I recently came across this article on MSN too that talks about winter time buying advantages!  

http://realestate.msn.com/article.aspx?cp-documentid=26601873&GT1=35006

December buying advice: A new home for the holidays?

  Even if the weather is bleak, your home buying prospects may not be. Here are some of the reasons it might be a good time to buy, as well as the best and worst markets for the coming year.

 By Melinda Fulmer of MSN Real Estate

  

Posted by

I’m the owner of Charleston's first exclusive buyer's agency. Everyone at our company only represents buyers which means we are able to act as our clients advocate throughout the buying process. The Real Buyer’s Agent is a full service company focused on one basic objective: ensuring that clients find and buy the home of their choice at the best possible price and terms. Learn more about Buyer's agency and the Charleston area at our website!

Comments (3)

Mark Brian
Silver Star Real Estate LLC - Anderson, SC
Anderson SC Realtor

Excellent information David! Too often people think that homes only sell during certain months when the truth is homes are selling all year long.

Dec 17, 2010 02:34 AM
April Hayden-Munson
Brookfield, WI
Brookfield Wisconsin Real Estate

David - I tell my seller's to remain on the market in the winter months, there is less competition and more serious buyers out there.

Dec 17, 2010 06:26 AM
Erby Crofutt
B4 U Close Home Inspections&Radon Testing (www.b4uclose.com) - Lexington, KY
The Central Kentucky Home Inspector, Lexington KY

If they're looking in the winter, they're usually pretty serious.  And who says they have to close in the winter.  Spring will be here before you know it!

Dec 27, 2010 03:40 AM

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