Real estate traditionally says that spring and summer are the best seasons to buy and sell real estate. People are more likely to go out, house hunt and shop when the weather is nice, as opposed to blistering cold. The spring and summer also provide a better view of all that a property has to offer outside of the house itself. However, there are some very legitimate and logical reasons that are often not thought of as to why moving in the winter is actually a great idea.
Sellers Tend to be More Motivated in the Winter
The traditional lack of real estate activity in the winter often results in sellers being far more motivated to sell. Real estate agents are aware that the winter months are a time when sellers are more willing to negotiate, whether it is on the final sale price, closing costs, closing date or even terms of the sale, including what household appliances and items are included in the sale of the house.
There are Fewer Buyers to Compete With
The most obvious bonus of buying a house and moving during the winter months is because real estate professionals often state that the market is best during the spring and summer resulting in there being fewer buyers in competition during the cold winter months.
In many real estate markets, winter means that there is a lower inventory of fewer houses on the market. While this does ring true in some markets often this can lead to home buyers having to deal with less competition.
There are Fewer Chances That You will be Faced with a Multiple Offers on the House You Want
Another reason that winter can be such an amazing buyer’s market for real estate is that there are usually fewer buyers that are competing for homes. This means that the odds of there being numerous offers on a single property are incredibly reduced. The lower number of potential buyers translates to buyers having the upper hand over sellers in the negotiations.
During the Winter Months, Your Real Estate Agent Might Work Harder For You
Low activity during the cold winter months sometimes means that you will have the undivided attention of your real estate agent. These slower months of low sales volume encourage realtors to try just that little bit harder to negotiate a sale.
What Are the Seller’s Circumstances?
It is not uncommon that there are some additional circumstances hinted at when sellers are forced to sell during the winter months. Maybe a job offer has come up, or a family issue is causing the rushed sale. Again, this may work to the buyer’s advantage if the seller is extremely motivated.