5 Reasons Why Winter Is the Best Time to Buy a Home
The 5 Types of Homes That Sell the Fastest

5 Reasons Why Winter Is the Best Time to Buy a Home. Everyone has their opinion on when the best time to buy a home is. Here are some reasons why the winter months might be the best time. Learn more.

Traditional home-buying wisdom holds that the spring and summer are the best times to buy a house, and real estate trends would seem to indicate that this is true. Nationwide, the months of May through August see the most home sales, with sales numbers and inventory dropping during the winter as sellers take their homes off the market for the holidays.

But just because most people prefer to shop for homes during nice weather doesn’t mean you shouldn’t buy a house in the winter. For many shoppers, buying in the winter might even be a better idea than buying in the summer. Here’s why. 

You Might Get a Better Deal

If you’re looking to get the best possible deal on a new home, you should buy in the winter. Home buyers who close in January pay an average of 0.51 percent less than those who close during other months. That doesn’t sound like much, but keep in mind that 0.51 percent of the price of a home can add up to thousands of dollars. 

Most sellers are more motivated to offload a home on the market during the winter months, when home sales traditionally slow down. So you’ll be able to talk the seller down more than you would in May or June, when sellers can usually command higher prices for their real estate. And a lower purchase price means lower average closing costs for winter buyers, which leaves you more money to spend on movers, new furniture, paint, renovations or a new home warranty from American Home Shield®.

You’re Less Likely to Be Outbid

Lower inventory and bad weather means that in many markets, far fewer people are competing to buy the same houses. You might have fewer homes to choose from in the winter, but you’ll be more likely to have an offer accepted when there’s less competition from other buyers. That means sellers are getting far fewer over-asking or all-cash offers, so they’ll be more likely to look favorably upon your traditional financing.

You’ll Know What to Expect from a Home in Bad Weather

It’s hard to know what to look for when buying a house — and when you buy in the summer, you’re seeing homes at their best, in ideal weather conditions. One of the big drawbacks of buying a home in the summer is that you don’t really get a chance to see how it holds up to snow, ice, and low temperatures. When you shop for homes in the winter, you’ll get to see how drafty the windows are or how cold the bedrooms get. You’ll have the chance to inspect the roof for ice dams and check the walk and driveway for icy spots. How well does the city clear the roads leading to your prospective home? Driving there in the winter will tell you.

You Could Close Faster

Because the real estate market picks up so much in the spring and summer, mortgage brokers tend to get behind on their work. That means you’ll wait longer to close if you buy in the warmer months, simply because your mortgage broker won’t have as much time to focus on completing your paperwork. It can be a real bummer to have to wait for closing just because your mortgage broker is slammed, but you could end up closing a lot faster if you buy in the winter.

It’ll Be Easier to Hire Movers

Mortgage brokers aren’t the only ones who get busy in the summer — movers are slammed, too, because everyone wants to buy a new house and move during the summer when the kids are out of school. While it’s true that ice and snow can make moving even more miserable than it might otherwise be, having your pick of moving companies can make up for that. It’ll be much easier to book movers in the winter, and you might just be able to negotiate a better deal, too, because they aren’t booked solid. And because they aren’t booked solid, you’ll have the flexibility to reschedule if the next snowpocalypse decides to happen on your planned moving day.

Buying a home during the winter might sound like a bad idea on the surface, but it can actually be a great way to get a better deal on your dream house. With fewer buyers and limited inventory, sellers who do keep their homes on the market are more motivated to sell. After you buy, protect your new home with a home warranty from American Home Shield. Learn more about how our plans can help protect your home and budget from the cost of unexpected breakdowns.

Source: https://www.ahs.com/

Are you ready to take the next step to buy your home and start building a legacy for your family?…Let me help you!

I am a Brazilian Licensed Realtor at Re-Connect, LLC with 17+ years of experience in the Real Estate industry. I speaks 3 languages (Portuguese, English, Spanish)

CALL NOW: (617) 201-9188 Ana Roque |209 West Central Street, Natick, MA  


Related posts:

The 5 Types of Homes That Sell the Fastest

December 8, 2023

What kind of insurance do you need with a mortgage?

When you have a mortgage, several types of insurance can be beneficial or even required by lenders:
December 5, 2023

How can you start an artisan food business in your home kitchen?

Starting an artisan food business in your home kitchen in Massachusetts can be done through the Cottage Food Law, which allows certain non-perishable ...
December 1, 2023

How to Convert Residential Property to Commercial Property?

How to Convert Residential Property to Commercial Property? Converting a residential property to a commercial one involves several steps and considera...
November 28, 2023

What is important to know about a Real Estate Agent

Your real estate agent plays a critical role in buying or selling property. Here are some key things to know:
November 24, 2023

What happens if you inherit a house that still has a mortgage?

Inheriting a house with an outstanding mortgage can have several implications{read more...}
November 21, 2023

Is it hard for seniors to get a mortgage?

Getting a mortgage as a senior can present some challenges, but it's not impossible. Lenders typically consider several factors.....
November 15, 2023
Why are ranch homes more expensive?November 14, 2023
Reasons to have a lawyer when buying a houseNovember 9, 2023

Can you transfer a mortgage to another house

November 6, 2023

How to convert residential property to commercial in Massachusetts

Converting a residential property to a commercial property in Massachusetts typically involves a series of legal and regulatory steps.
November 3, 2023

What are the advantages of refinancing a home?

Refinancing a home can offer several advantages, depending on your specific financial situation and goals.
November 2, 2023

What are the requirements for a first-time home buyer in Massachusetts?

The requirements for a first-time home buyer in Massachusetts can vary depending on the specific program or lender you choose to work with.
October 27, 2023

Can I build a covered patio without a permit?

Can I build a covered patio without a permit? Whether you can build a covered patio without a permit depends on your local building codes and regulati...
October 26, 2023