Is it worth it to buy a property this winter season? If you would ask a veteran real estate agent/broker, the inventory for the winter season is historically lower than in other seasons. So what’s the catch? Low inventory means limited availability.Typically, limited availability means more competition but shopping in the Winter allows you the opportunity to compete with less buyers. Here are some tricks and tips on purchasing your dream house this winter season.
Do Your Homework
During the winter season, the weather is one key factor which means there's less likelihood that agents will host open houses. So, utilizing the internet will help you in shopping for your dream house. It would also be the best time to sit with your family and plan the type of property that you would be looking to purchase. Research the neighborhood to avoid wasting your time. Look for amenities, schools, public transportation, and recreational areas that will help you finalize your buying decision.
Work On A Budget
Sellers are highly motivated to sell their homes quickly to focus more on the Holiday season. It means that homeowners are open in negotiations. Work within your budget but don't submit a low ball offer on properties if it means compromising on the looks and utilities of the property.
Sign-Up to A Real Estate Website
Signing up with a real estate website is another way to check availability especially if you are a 1st-time buyer and would like professional assistance. Most real estate websites provide concierge services in which you would be connected to a real estate agent based on the information that you enter on what type of property you are looking for.
*Real estate websites such as Zillow, homes.com, realtytrac.com, etc provide concierge services. You may also sign-up with SetValue as a home shopper and we’ll definitely connect you with a live real estate agent in your preferred area.
Inspect, Look for Red Flags
Weather can be challenging during the winter season but doing an inspection prior to finalizing your purchase will give you peace of mind.
Ultimately, any season is the best season for buying a house as long as you have what you are looking for at a price that is within your budget.
Fool.com - 3 Things to Research Before Buying a Home
Investopedia.com - How to Set a Budget for Buying Your First Home
RocketMorgage.com - A Buyer’s Home Inspection Checklist
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