4 Compelling Reasons to Buy a Home in Winter

Dated: May 30 2019

Views: 2

It’s no secret that real estate transactions heat up when the weather is warm. Spring and summer months are typically the busiest months in real estate- it’s more pleasurable to be touring homes when it’s NOT snowing or freezing, sellers can make their yards and the exterior of their homes enticing, and the moving process is less of a nightmare when you are moving in a t-shirt.

But as a homebuyer, there are some serious advantages to swimming against the current. So grab a hat and mittens, soak up some knowledge, and learn how the overall process can be easier and faster for you.

If you’re considering buying a home, here are 4 compelling reasons to do so in the winter:

1. Limited buyer competition.

This is the #1 reason. Since it’s taboo to buy a home in the winter, you’re going to find that there is far less competition in the winter. Since demand is historically low this time of year, you won’t feel the pressure to make a rash offer that you may end up regretting. Take the time to be more calculated.

2. Sellers are extremely motivated.

If someone is selling their home during the winter, you can almost guarantee that it’s out of necessity- winter is not an ideal time for sellers. Common reasons include: a death in the family, job relocation, and financial constraints. And if the home has been sitting on the market for a number of months and just hasn’t sold, then you’re really in control. The longer the home sits on the market, the more negotiating power you yield.

3. Less likely to have competing offers.

It’s simple economics. Demand is low which gives you the upper hand when it comes time to negotiate a deal. Again, sellers tend to be extremely motivated (if not desperate) this time of year so if the offer is reasonable, it’s likely to be accepted. You can find yourself saving some big bucks if you time it right!

4. Everyone is less busy.

If you haven’t been part of a real estate transaction deal at the height of summer, then let me explain something. It can be very hard working with all parties involved since everyone is so busy! Sellers and buys showing their homes to multiple interested buyers, lenders are buried in processing paperwork, and everyone else seems to be on vacation. You won’t have to fight for attention to get the ball rolling in the winter.

Now that you have 4 compelling reasons, grab that hat and mittens if you haven't already done so and get out there and house hunt!

Need to sell first? 

Get your home's value - our custom reports include accurate and up to date information.

Blog author image

Michelle Porter

I have been a leader in Greensboro’s real estate market since 1994 and have consistently been a top producer in many segments of the Triad market. As a Greensboro native, I have extensive knowledge....

Latest Blog Posts

Weekend Guide: June 11 2021

Your Local Weekend GuideIf you're looking for fun, entertaining and educational things to do in the Greensboro, NC area, you've come to the right place. Our Weekend Guide is packed with a variety of

Read More

The Secret Costs of Selling Your Triad Home to an iBuyer

A slew of real estate websites promise instant cash offers for homes, but sellers may not come out on top.If you’ve been thinking about selling your home, you’ve probably come across a

Read More

Worried About Home Buyer’s Remorse? These 5 Tips Will Help Avoid Regret

Set and stick to concrete limits when it comes to budgetDon't bid on a home you don’t want just to beat out the competition. Consider your priorities and what matters most. Once you've set

Read More

Who You Work With Matters: Top 5 Concerns About Real Estate Agents

An industry that is millions of real estate agents strong comes with its own set of compliments and complaints! In fact, as of October 2020, there were 1,451,031 members of the National

Read More