Benefits of buying a home in the winter

Real Estate Broker/Owner with Century 21 Turner Brokers

Typically, home sales are strongest in the spring and summer months; however, there are several advantages to shopping for homes in the fall and winter. Sellers are often more motivated in the winter and may be willing to negotiate terms such as price, repairs, and even a closing date. The rule of thumb is that anyone braving the elements (or taking the time during the busy holiday season) to view a home is a serious buyer, and the same can be said for those who leave their homes on the market during this time and continue to have viewings.

Fewer buyers in the marketplace during these months mean less competition and a better chance of getting a home at a lower price. Also, potential buyers in the winter months have the luxury of spending more time researching homes without as much concern of losing a house to another party. When viewing a home in the cooler months buyers get a realistic idea of a home’s energy efficiency. Pay attention to the thermostat temperature and take note of any drafts in the home. Trees without leaves give potential buyers an accurate picture of the privacy (or lack thereof) from neighbors or the street.

Because the majority of moves take place in the warmer months, moving companies may be readily available when it comes to your desired move date and even flexible on their rates.

Comments (1)

Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

Good reasons re "off season" viewings/sales...also a good time to check properties at their "worst"...know where the boggy bits are.

Feb 01, 2012 06:24 AM