Usually spring and summer are the prime seasons for anyone house hunting or selling. It is more common to shop when the weather is nice. However, there are very compelling reasons for going shopping for a house and moving in the winter as well. Here are some advantages that show the benefits from house hunting in the winter.
Fewer buyers to Compete With
Real estate wisdom says to shop in the spring and summer, which is what makes this the most obvious plus. As a result of this popular advice, there are less buyers in competition during the winter months. The low demand will work in your favor.
Prices are Lower
Just as economics teaches us, with fewer buyers in the market, supply will exceed demand. Typically, this causes prices to be lower than during the peak seasons.
Sellers are Motivated
With low activity in the winter being common, sellers are far more motivated to sell. Agents know that during the slow winter months sellers are more willing to negotiate. These negotiations can be on selling price, closing costs, closing date or even terms of the sale, even including household appliances and items are included in the sale.
Your Real Estate Agent Will Work Harder For you
Your realtor will give you undivided attention and work harder for your due to the low activity in the winter. Since there will be lower sales volumes, realtors try just a bit harder to negotiate a sale.
Don’t be discouraged if your circumstances lead you to house hunting in the winter. Remember that in the US it is still a great time to invest. So, grab your coat, brave the cold and get out there and find your future home.