Reasons to Buy a Home in the Winter
It’s chilly outside and you are smiling signing the contract of your new place surrounded by other smiling happy faces. Then, you listen to the lovely sound of the keys that will open the door to a place you can call yours! All unforgettable moments, right? What about giving yourself the best Christmas gift? Your aspired lifestyle? A new place where you will write the next chapters of your life with the ones you love! Spring and summer are the busiest seasons for home buying. However, doing it during the winter can be even better. We have listed 6 reasons why you should buy your home during the winter.
- Less Competition: Few people are thinking about buying a new home during the winter. Although the inventory may be lower, you may be able to find much better deals, since there are less cash offers and perhaps better financing options.
- Sellers are More Motivated to make a Deal: Sellers who decide to sell during the winter, may be in dire straights. Look for the days on market;if it’s been on the market for a couple of months, Sellers may be nore inclined to sell and at a lower price.
- Easier to Hire Movers: You will be able to find plenty of available dates and be in a comfortable position to schedule your move. In addition, you will be able to negotiate a lower price since this is the low season. Packing can be very stressful and expensive, therefore relocating during the low season can give you peace of mind.
Last But not Least…
- Homes Close Quicker: Since mortgage applications are 25-30% lower during this time, your lender will have plenty of time available. Thus, getting your loan is much quicker. It means you will be giving yourself your Christmas gift before expected. Hence, one powerful reason to buy a home in the winter.
- Potential Tax Savings: If you’re purchasing your first home, buying in the winter gives you a few extra months of potential tax deductions. Depending on your local laws, you can deduct mortgage interest, taxes, and points—although you should consider talking to a professional before getting too excited.
Credits to realtor.com