While it’s true, things tend to slow down during the winter, that’s not necessarily a bad thing. Yes, it’s cold, fewer homes are for sale and it’s not ideal to move during a snowstorm. But there are quite a few smart reasons to buy a home in the winter. Keep reading to see why winter is the best time to buy a home!
Here are some reasons why winter is a pretty darn good time to purchase a home.
There's less competition.
not everyone is willing to look at homes in single-digit temperatures. The months of May, June, July, and August make up 40% of existing-home sales, while January and February account for less than 6%.- Sellers are willing to make the deal: for the most part, sellers listing their homes in the depths of winter seriously want to make the sale, so naturally this gives buyers the upper hand. “Many people place their homes on the market at this time of the year because they need to,” says Lauren McKinney, a realtor in Asheville, NC. “Many sellers are looking to get out fast and will be more willing to work with you.”
Evaluate Future Concerns.
In most climates, winter puts stress on homes. This gives you the perfect opportunity to evaluate the property under the worst conditions possible. You’re able to pay attention to small details such as; is that driveway going to be a pain to shovel during the winter months? Do you spot ice dams on the roof? How does the exterior look with shrubs and barren trees?
Hiring movers is usually easier.
We're not claiming that it is easier to move in the winter. If you have ever done it, you know it’s sheer misery to move all of your possessions in inclement weather, but the logistics are simplified when there’s less competition with a hundred other moving households. Movers tend to be less booked in the wintertime, making it less difficult to find help when you need it.
last-minute tax savings.
If you’re purchasing your first home, buying in the winter gives you a few extra months of potential tax deductions, and depending on your local laws, you can deduct mortgage interest, taxes, and points – although you should consider talking to a professional before getting too excited.
Home close more quickly.
In the busy spring and summer months, your mortgage broker might be backed up, but during winter, things tend to slow down.
Have you sold a home in the winter with success or need some help selling this time of year? We can help! For reasons why you should choose any of our Henderson County Agents, click here!