Buyers, the cold months are a great time to buy a home at a discount.

By
Real Estate Broker/Owner with Cornerstone Business Group Inc 0225086119

Buyers, the cold months are a great time to buy a home at a discount.

Often, home sellers are told to wait until Spring to list their homes, and there may be some truth to that, but for buyers, the best time to get the bestBuyers, the cold months are a great time to buy a home at a discount. home purchase discount is in the colder months. Do people really buy in the cold months? Yes they do. Actually, the cold months are a great time to buy.

The cold months are a great time to buy.

In one neighborhood in the Stephens City, VA real estate market, the biggest sale months are February, April, January, March, June and October. Canter Estates saw the highest volume of sales in these months. Think about that for a minute. February, January, March and October are colder and darker months, and yet, they produced the most sales. Should you wait until Spring to list, you can, but you can also sell in the darker and colder months with confidence.

The cold months are a great time to get the best home purchase discount.

Sellers need to be wise during those colder months because the biggest discounts are found in January, February, March and April. A Realty Trac study found that February is the biggest discount month with a discount of up to 6.1% below the asking price. January had a 5.6% discount, March was 3.6% and April 1.8%. For buyers, that's a great thing to know. The colder months, which are often ignored by many agents are really great buying opportunities for buyers.

In another Realty Trac study, researchers found that the best day of the week to get a discount is Monday followed by Friday. For buyers, there is a science to home-buying. The best day to buy a home varies by market, but every market has its sweet spot for buyers. The Realy Trac research does offer some insight into those ideal buying spots to help buyers get the best deal.

When you're ready to buy or sell your Winchester to Northern Virginia home, give me a call at Cornerstone Home Sales. I am your neighborhood real estate sales pro.

 

This post was originally posted at winchestervarealestate.com: Buyers, the cold months are a great time to buy a home at a discount. #cornerstonehomesales, #mikecoopersellshomes, #coldmonthsareagreattimetobuyahome.

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Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Normally I would totally agree but this year is way busier

Jan 27, 2019 11:58 AM #1
Rainmaker
2,166,024
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoone Mike - stands to reason.  My last two buys were new construction and purchased in February.

Jan 27, 2019 12:03 PM #2
Rainmaker
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Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

I often remind buyers that I put my own home in contract late on a Christmas Eve.  The competition wasn't as frenetic as it would likely have been in other seasons.

Jan 27, 2019 12:10 PM #3
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Rainmaker
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Mike Cooper, GRI

Your Neighborhood Real Estate Sales Pro
Winchester has a place for you! Call me.
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