Did you know winter is full of bargains for homebuyers? Savvy homebuyers and real estate investors who have long known that a deal made in winter is often hard to match in spring or summer.
Winter tends to dull (mostly unconsciously) a seller’s expectation of getting a top price. Clearly, it is seen to be the wrong time of year to sell. And it’s easy to understand why. All the freshness and color of spring and summer, and even fall, are absent. Gardens and greenery look dead, with no new growth. And surrounding the home prospective buyers can’t help noticing withered leaves, patchy and lifeless grass, damp and grubby pathways, and few, if any, flowers. The mood is dour; the situation has many negatives — or that’s how it can seem!
The winter season has fewer units on the market, and sellers tend to need to move from their property. You can use that to your advantage to get a favorable deal. Winter has fewer buyers in the market. Looking for a home in the winter can be inconvenient, and people are less likely to move. Families also tend to be on a September to June cycle because they are unwilling to move their children to a new town in the middle of the school year. Fewer buyers means less competition.
Lenders also usually have fewer loans to process and less paperwork to deal with (though this can change quickly if rates fluctuate). With lenders less hassled, you can expect a smoother process to get approved for a mortgage.
So, don’t let winter blues keep you from find a home. Get outside and catch a bargain!
Tags: Business, buy a home, Buyer, Financial services, Home, home deals, home pricies, Loan, mortgage rates, Mortgages, Real estate, Seasonal affective disorder
