Debating on Buying in the Winter? Pros to buying now..
Although the spring and fall are the most common times to buy and sell your home, there are some advantages to looking for a home during the cold winter months. While there aren’t as many homes to choose from, there are significantly fewer buyers actively shopping and therefore less competition. Everything slows down in the winter when it comes to real estate, but for some buyers this opens up a great opportunity.
It is common for buyers to put their home search to a halt during the holiday season. This is typically due to certain buyers finding it less appealing to go out in the snowy cold weather or because people would like to take a break for holiday festivities. However, you can use this to your advantage by braving the elements. With less active buyers, you are less likely to get into a bidding war and there are less showings which motivates sellers. With the contrast between less competition and motivated sellers, you are more likely to get away with offering less and saving on the overall purchase price.
Moving and Renovation Expenses
Another benefit to buying in the winter is that when it’s closing day, you have a much broader selection of moving companies and contractors. For movers, they are often busy the first of the month helping people who are renting and their busy season is the spring and fall. With less people moving in the winter months, moving companies sometimes decrease their rates to remain competitive. It is the same with contractors, once the weather gets better in the spring they get booked up quickly.
Some people may have had their home on the market for quite a few days at this point in the year or have just recently listed. We often find sellers with their homes on the market during the winter are very eager to sell. This means the possibility of the seller accepting an offer below what they’d typically accept is much more likely.
We are always here to help when you need us, every step of the way. Any questions you have, always feel free to reach out to us here at For Sale On Georgian Bay!