Reap the Rewards of Buying in the Winter
Most everyone interested in buying or selling a home in St. Augustine has heard that the spring and summer season is when real estate is HOT! In most areas of the country, winter hits and everything slows down – traffic, outdoor activity, and home sales. Here in Florida not everything slows down, but home sales typically do and that creates a great opportunity to cash in on the St. Augustine home of your dreams.
The facts are the facts with the Real Estate Market, and the facts right now are that prices on homes for sale in St. Augustine are on the rise as are mortgage rates. If you are interested in buying a home in St. Augustine, I advise you not wait till the spring season following the popular belief that spring is the best time to purchase a new home. Take advantage of the prices in the winter months rather than waiting only to see the same, or similar, home will cost you more in the spring. Mortgage rates have remained low for a historically long period of time. We saw the first jump in St. Augustine mortgage rates in mid-December and industry leaders believe there will be more increases to come in 2017.
An additional perk for those looking at homes for sale in St. Augustine in the winter months is the lack of competition from other buyers. With a lower demand from buyers, it becomes a buyer’s market as there are more homes on the market than there are buyers. This motivates sellers causing them to settle on a lower price rather than holding out for spring when the market usually reverts back to a seller’s market. Also, you are likely to find that there aren’t any competing offers when you do find that perfect home and make your offer.
With fewer buyers looking at homes for sale in St. Augustine, you will find that REALTORS® and Mortgage Lenders have more available time to help you as you search, make an offer, finance, and close on your new home. All good REALTORS® and Mortgage Lenders strive to provide the best service even during the busy spring and summer season, but with less customers during the winter season you are certain to get first class service.
And last but not least, it is Florida! Many homeowners living in the northern states would love the opportunity to get a great deal on a home for sale in sunny St. Augustine. But you don’t have to be moving from the chilly north to take advantage of the slower winter real estate market. There are great homes currently on the St. Augustine market for investors, first-time homebuyers, those looking for an active adult community, condominiums & townhomes for those wanting low maintenance, along with great single family homes of all sizes in great communities providing all the amenities you are looking for.
If you are thinking of buying or selling during this winter season, I would love to have the opportunity to assist you. Please visit my website to learn more about my experience as a REALTOR® in St. Johns County, search homes currently for sale in St. Augustine, and get local information about St. Augustine and St. Johns County.