It might seem counter-intuitive, but buying a new home in the winter can actually be easier, cheaper, and more convenient than any other time of the year.
I'm crrently working with a few buyers, and the pace is much less stressful than in the busier Spring Market.
ReMax Canada recently addresssed this issue and here's what they had to say.
1. It’s a buyers market.
Spring has always been considered the best time to put a house on the market. Warmer weather inspires buyers to get out and hit the open house circuit. Gardens and outdoor areas tend to feel better when they’re not covered in 3 feet of snow. However, there will always be sellers who need to list their homes in the dead of winter. You’re at a distinct advantage if you’re out pounding the pavement while other would-be-homeowners are busy hibernating.
Less buyers means less bidding wars, less stress, and more chances for you to score the house of your dreams.
2. Real estate agents are less busy.
The warmer months are prime buying and selling times. So, it makes sense that the busiest time for most real estate agents is April through September. The rest of the year, though? Not quite as busy! Make the most of the snow and work with an agent who can give you 100% of their attention and help you explore all your options. You’ll both be happy when you end up with the perfect home.
3. Sellers are motivated.
When sellers put their houses on the market during the winter months, there’s usually a time sensitive reason, like a new job in a different city, or a baby on the way. Whatever the case, they are often motivated to sell quickly and close the deal with minimal hassle. Luckily for you, that translates into possible savings. Sellers might accept a lower offer and they’re not flooded with other offers and potential buyers. Bottom line? Don’t be afraid to negotiate.
4. You can save some money!
Moving companies might be cheaper. Unlike spring and summer, you don’t have to book a rental truck for moving company weeks or even months and advance. It’s pretty easy to score movers and transportation in the off-season. It might just be cheaper also. Moving and rental truck companies usually offer winter discounts to entice customers. And you can even book with him, which tends to be impossible in June, July and August.
5. Trades people are easier to book.
Whether you’re looking to have your new place professionally painted before you move in, or need an expert to install that gorgeous vintage chandelier, you’ll have an easier time booking trades people in the off-season. Like movers, tradespeople tend to be less busy in the colder months, when homeowners aren’t as focussed on home improvements. You won’t necessarily score crazy deals, but most painters, electricians, and repair technicians will be more than happy to accommodate you.
If you're ready to get started to search for your new home, just click right here.