5 Valuable Benefits of Purchasing a Home During Winter
As the holiday season has just ended and winter is still affecting many parts of the country, now may actually be the best time to consider a home purchase. You probably will cross your brows thinking that it isn’t practical to do so, given all the expenditures during the holiday. Besides, spring is often the best time to put a property in the market and buy one for various real estate options.
Yet, did you know that there are various benefits of buying a house during the winter? If you’re unconvinced, here are five valuable benefits to consider:
1. Fewer buyers, less competition
Spring is mostly deemed to be the peak season in the real estate industry, as more buyers and sellers will be out in the market negotiating for properties and prices. This simply means that winter is a dormant time for home buying. But what good does it do to you? Because of the dormant season, you can expect to have fewer buyers and less competition in the market. This also means less bidding, less negotiation, and less hassle and stress so that you have more chances of purchasing your dream home!
2. More motivated sellers
As mentioned, since winter isn’t a peak season, you may notice more sellers but fewer buyers in the real estate market. So, what can you expect from them? The mere fact that they want to sell their properties during winter means that they’ll do what it takes to close a deal. Maybe, they badly need money for some cash or need to move out as soon as possible. For these reasons, you will likely be dealing with motivated home sellers, where you can end up with the best deal.
3. Less busy realtors, more accommodation
During this time of the year, you can expect real estate agents in a hiatus mode, meaning that they aren’t as busy as during peak seasons in spring. If you want to work with a realtor, they can give you ample time to find the right property, and they may even have an easy time reaching out to and negotiating with the seller’s realtor. In the end, expect to have a fast negotiation and a prompt closing deal!
4. Cheaper moving companies
As it’s easy to close a deal and buy a home during winter, you can definitely move to your new house right away. As you work with a moving company to move and transport all your items and belongings to the new place, you won’t have to worry about high service fees. Since winter isn’t a peak season, you can hire movers at a lower price, which will help you save up big time.
5. Easier-to-book tradespeople
Apart from moving to your new house, you will surely want to have some home remodelling projects as well. You may think about installing new cabinetry, having open shelving, changing doors, having window tints, or even painting the room walls. Winter is the best time to deal with tradespeople as their schedules are mostly free. Whether it is plumbers, electricians, painters, or repair experts, they will be more than happy to accommodate you!
At this point, you now know why you should purchase your home during the winter. As outlined above, you’ll be able to take advantage of the following—fewer buyers and less competition, more motivated sellers, less busy realtors and more accommodation, cheaper moving companies, and easier-to-book tradespeople. With all these valuable benefits, you have all the right reasons to buy your dream home during winter!
Are you looking to buy a house this winter? Then you have come to the right place! We provide new home buyers guide in Edmonton and the surrounding areas. For more real estate tips for buyers and sellers, browse through our articles, or schedule a free consultation with us today!