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The history of the home buying market shows that most homes are sold during the summer and spring seasons. This is due to the warm, inviting weather that has more people out of the house and more likely to appear at an open house showing. The weather also makes people more likely to have house inspections done and want to move out of their homes more often. This means that there can be enormous benefits when buying a home during the winter. 

Best Tips For Buying a Home During The Winter

The weather may be colder and more people are probably staying warm inside, but that doesn’t mean there aren’t houses on the market. There are several advantages to buying a home during the winter, and we want to show you some of the benefits that can come from it

Less Competition, Lower Prices

Less competition is a good thing for both the buyer and the seller. With less competition around, the process of selling a home goes significantly down. You don’t have to worry about entering a bidding war and the chances of your initial offer being accepted go up significantly. 

A majority of people dont like to explore homes outside in the cold months, so chances are you’ll beat the competition before they even have a chance to see the listed offer. 

Choosing to buy in the winter months, you’ll almost certainly get the best deal possible. The smaller number of buyers means house prices tend to be lower, giving you more room to negotiate with the seller. You can probably get a better deal during the winter season than you would with an all-cash offer during the summer. 

Motivated Selling

As history shows, most companies relocate their employees in the first quarter of the year. This large surge of people leads to much more motivated buyers and sellers. You’ll expect to see much faster closings than any other time and you’ll also find it much easier to negotiate with sellers than ever before. 

Whether the reason for the seller moving is related to employment or not, chances are they’ll want to move quickly as well since they want to get the best offer during the winter season as well. 

Since mortgage brokers also tend to be less busy in the winter months, you can expect to see the closing on the house happen quicker than you would in the summer months. 

Motivated Real Estate Agents

When it’s warmer outside, real estate agents tend to be extremely busy with people looking to buy in the warmer weather. This means that during the winter, they’re itching to get whatever deal they can. This also puts the power in the buyer’s hands as they’re now able to make more demands for what they want. You shouldn’t just accept the first house a real estate agent shows you because they want to make a sale as quickly as possible. 

Use Winter To Your Advantage

Buying a house during the winter months can seem ludicrous but just remember the immense pros that can come with it. If you’re in the market for a house and need a loan, reach out to American Bancshares so you can get into your new home as quickly as possible. Visit our contact page today.