When buying your new home, timing is everything. While the cold weather might keep you from thinking of buying a home, winter is actually a good time to look at buying a home. Here are a few reasons why you should think about buying a home during winter.
Here’s the reality for home buyers in the winter. You may have fewer options as inventory levels diminish considerably from November to February, but of the available properties listed for sale, you have the leverage.
What does that mean? Simply put, properties that are for sale during the holiday season and ahead of the spring market are often those properties that must be listed for sale and can’t wait — job changes, inherited property, etc. Yet we can empirically prove that the number of home buyers ready to move during the cold months is in short supply.
When the supply is higher than the demand, the deals tend to get better, which can put you in the driver’s seat during the negotiations. I often advise my clients who have flexibility in their moving time-frame to take a hard look at making a purchase the week before Christmas, or right after the new year. Deals get done all months of the year, but being a buyer when there’s less competition and eager sellers is an ideal place to be when negotiating.
At Stonebridge Mortgage we are dedicated to making sure you end up in the home of your dreams. If you need any buying or financing for your home or office, we are here to help. Check out all Stonebridge Mortgage’s services.