Everyone knows that spring and summer are home-buying seasons, and that winter is the time to hibernate and stay put. While it’s true that the market does tend to slow down in the winter, that’s not necessarily a bad thing. Yes, moving in the snow is a pain but, in the end, you may find it’s worth it. Our experts at GVC Mortgage have put together a list of reasons why it’s not only smart to buy a house in the winter, it might even be the best time to buy.
Less Competition
There’s a reason why spring and summer are considered the home-buying season. Most people would prefer not to house-hunt or move in the single-digit temperatures we experience here in Indiana. However, with less competition, you’re more likely to get a better deal on purchasing a home. Fewer buyers means fewer all-cash, over-asking price offers, making your traditionally financed offer more appealing to sellers.
Motivated Sellers
We have found that most sellers that list their home in the dead of winter do it because they really need to, which gives the buyer the upper hand. In the winter, sellers are looking to get out fast and will be more willing to work with you. Additionally, it’s smart to keep an eye on each home’s number of days on the market. It’s possible that a home was listed in the summer but has been lingering on the market for several months. This may give you the opportunity to land a fantastic home for much less than you would have paid six months earlier.
Accurate Home Inspection
Here in Indiana, winter puts stress on the home. This gives you the perfect opportunity to really evaluate the property under the worst conditions. Your home inspector can find drafty windows, weak insulation, or furnace issues that they wouldn’t have been able to find in the warmer months.
If you’ve been considering buying a home, don’t let winter stop you! Let our team at GVC Mortgage help you dive into home ownership with confidence. We’re available to help guide you through any type of loan or refinancing process, including foreclosures, FHA loans, and new builds. Contact us today at (317) 564-4906.
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