Most think that they need to wait until the warmer months to buy a home. However, as the temperatures are heating up, so is the competition. There are many great opportunities for those who choose to buy during the winter months. But, why is that?
Keep reading as we’re dishing out of all the answers below!
Winter Weather Keeps Most Indoors
When the cold spell inevitably rolls in, most choose to stay indoors and put many things, including searching for a home, on hold. Many think it’s just not a great time to make a move and are simply just not up for it. If you can motivate yourself to start the home buying process now, you’ll face less competitive bids for the most wanted homes.
Staying Put For the School Year
Most families have children in school and prefer not to make them switch during the year. They’ll wait until summer break so their kiddos can close out the year with their friends and avoid differences in curriculum. What many seem to forget is that enrollment in the fall is way more competitive than a mid-year transfer for many desirable schools. This is due to fewer families changing homes.
Great Deals on Appliances and Furniture
The summer months are great, don’t get us wrong, who doesn’t love the warm weather and sunshine?! However, one thing that warmer months lack are great sales on expensive home items like appliances and furniture. The colder months bring the holidays which means Black Friday and Christmas sales. In some cases, you may be able to get up to 50 percent off on appliances like washers and dryers which can cost a pretty penny regularly. You’ll be able to furnish your new home at a great discount… What could be better?
Because fewer people are shopping for a home in the winter, you’ll have less competition. Sellers know that the number of interested buyers dwindle during this time, so they’ll be more open to negotiating. This could mean scoring a deal you wouldn’t be able to get come spring or summer.
Additionally, January and February are the months that you’ll most likely get offered the lowest prices in the market.
Summing it Up
These reasons and many more are advantages of buying a home during the winter months. Whether you’re looking to purchase or refinance a home, we would love to sit down and further discuss your needs. Give Mid America Mortgage a call at 573-875-1100!