When we think of going house hunting, we tend to picture sunny skies and spring time, not cold and dreary days. Winter, for most, isn’t their ideal time to purchase a home. The home-buying market shows that sales tend to dip substantially during colder months, with 25% to 30% fewer homes sold. Don’t let that scare you, as there are actually several advantages to house hunting in the winter.
There is less competition, which means that demand for homes is lower. This provides a distinct advantage to the buyer, with supply often exceeding demand in the colder months. Purchasing a home during winter months means less chance of a bidding war on your dream home.
Sellers are Motivated
With fewer buyers searching for a home, sellers are often more willing to negotiate. Often it’s the buyers that have the advantage in the negotiation during the winter months, which you may be able to use to your advantage to get your dream home at a great price.
If you need financing for your new home, winter is an ideal time to secure it. Due to the decrease in the number of home sales during this time, some lenders will often have fewer mortgages to process. This means that you have a better chance to close quickly. At United Heritage, we take the headache out of getting a home loan. With low rates and personalized service, we’re here to make financing your home as simple as possible.
Lower Moving Costs
Moving during colder months has several advantages. One benefit of moving in the winter months is that movers are usually less busy and will sometimes offer discounts and deals. Plus, due to the low demand, you will most likely have an easier time scheduling your move when it works best for you. Another benefit of moving when temperatures are well below triple digits will become very clear when you barely break a sweat.
Therefore, we encourage you to bundle up and take advantage of this winter season to purchase your dream home. To get started, visit our Mortgage Loans page.