The Advantages of Purchasing Property In The Winter

The Advantages of Purchasing Property In The Winter DAVID TARAN

Moving During The Winter Can Be Challenging...

BUT THERE ARE SURPRISING ADVANTAGES TO BUYING A HOME A WINTER THAT MAY MAKE IT WORTH THE EFFORT.

David Taran

Sellers Are Motivated Nearly half of existing home sales occur in the late spring and summer months. Buyers like to see a home in its summer glory, and homeowners prefer to sell when their property looks its best and moving is a breeze.

When a choice home shows up on the winter market, the chances are higher that the seller needs to relocate quickly and with fewer buyers on the hunt, it’s more likely that a lower offer may be considered.

David Taran

THE LOAN PROCESS IS FASTER April sees a rise in mortgage applications and with it comes the busy season for lenders, home appraisers, title companies and movers. Between Thanksgiving and New Year’s Day, there’s a welcomed lull and for buyers, that can translate into a 30 percent faster loan process from start to close.

There’s Less Competition For Top Properties Home inventories are greatest in the spring and summer, but in a tight market, sellers with hot properties can play buyers against each other to get top dollar. Just a few competing bids can put the price of a buyer’s dream out of reach and use up valuable house-hunting time. While choices in winter may be limited, there’s a better chance of striking a favorable deal.

David Taran

Homes Are More Honest Any harsh winter elements bring out the worst in both houses and landscaping, giving potential buyers the opportunity to see if the roof leaks or if heavy spring rains flow through cracks in the foundation. While these types of issues are common in most homes, they serve as a bargaining chip when they’re obvious.

David Taran