Why Winter Is A Great Time To Buy A Home
Jan 30, 2023
Why Winter Is A Great Time To Buy A Home
When temperatures cool, so does the housing market.
The most popular time to buy a house is in the summer, when the weather is warmer and moving is typically easier.
But winter is also a great time to buy a home. Once you understand why, you'll be calling up your real estate agent and starting your search in no time.
IT'S EASIER TO SPOT HOME ISSUES
Everyone in the midwest knows that winter puts stress on a home. When you're searching for a house in the winter, you'll get to see how it handles cold temperatures. Some homes that seem perfect in the summer tell a whole different story in the winter.
Even when house hunting in the winter, pay attention to every feature in the home. There may not be much light shining through big windows in the winter, for example, but you'll love that in the summer. You can also spot drafty areas much easier and can get a sense of how difficult it would be to shovel the driveway or keep away ice dams. In the winter, you see a home for what it truly is.
THERE'S LESS COMPETITION
Whether parents don't want to move their families in the middle of the school year, people don't want to hunt for homes in the cold, or people get busy with the holidays, there are just fewer people selling and buying homes in the winter. If less home inventory feels intimidating, remember that having less competition is a win. If you do find your dream home in the winter, it'll be easier to snag.
YOU MAY CLOSE FASTER
Closing costs are the various fees that are associated with buying a home and securing a mortgage. In the winter, you'll be able to close quicker than in the summer when mortgage brokers are slammed. Since lenders get fewer applications in the winter, they'll be able to get to you faster.
SELLERS ARE MOTIVATED AND WILLING TO MAKE A DEAL
Sellers know that fewer people are searching for homes in the winter. That means people who put their homes on the market in the winter are often eager to sell. Take advantage of this - you can likely get a better deal, especially if the home has been sitting on the market for months already and there aren't as many people trying to outbid you as there would be in the spring or summer. That leaves you with more money for movers and home decor!
IT'S EASIER TO HIRE MOVERS
Let's face it - paying your friends in pizza to help you move in chilly temperatures just isn't going to cut it. But since the winter is the off-season for moving, you'll be able to find and hire professional movers more easily.
TALK TO YOUR REAL ESTATE AGENT
Ready to start looking for your dream home?
If you're ready to get started with the process of buying a home, give us a call today at 260-248-8961 to connect with an Orizon Real Estate agent.