Home sellers have lots of options when is time to sell their properties, however there is no magic formula that will guarantee in achieving the best and highest price possible for their homes. This is why I like to partner with my clients to guide them through the complexities of selling their homes. I assembled a team of true professionals with experience, dedication and strong communication skills to help ensure a successful and profitable sale of your home.
Today, we'll talk about 5 Reasons Why Winter is Positively the Best Time to Buy a Home
1. There are fewer competitors
Most people are not willing to look at homes in sub-zero temperatures. During the summer months, which make up 40% of all existing-home sales, the months of May, June, July, and August account for nearly half of all existing-home sales.
For sellers, this is great news. But for buyers, you should rejoice.
“Buying in the winter is a good time to buy a home, as the competition is less, allowing you to be a bit more selective.
2. Sellers are motivated, and will bargain.
Sellers who are listing their homes in the depths of winter are looking to sell. This gives buyers an advantage, as they know that they have the upper hand in the negotiation process.
“Many people will be selling their homes at this time of year because they want to. Sellers are more willing to negotiate with you if you are the first person to show interest in the property. They are also more likely to work with you.
You should keep an eye on the “days on market” of the home. This is an indication of how long the home has been on the market. This information can help you to know how much time you have to secure a great deal for the home.
3. Moving is normally easier
Moving in the winter isn't always the best idea, but the logistics are simplified if you are moving alone or with a couple of friends. The idea is to move your possessions to a new place and live in a new place with your friends or family.
“Movers are booked up in the summer, but not in the winter. If you want to move in the winter months, you will probably get the dates you are looking for.
4. You can save on your taxes by booking early.
Buying in the winter gives you a few extra months of tax deductions.
‘Use a house you own as a tax write-off for the year
Many mortgage lenders allow you to deduct interest on your mortgage. In some states you may be able to deduct the points. However, there may be limitations. It is always best to check with a mortgage lender about any changes that may have been made to your mortgage interest deduction.
5. You will not be rushed!
If you are buying in the winter, you can take your time, move according to your plans...not the sellers. As a matter of fact, take the time to target houses that have been on the market for a few months, because you might just find a seller who is more motivated to accept a lower offer and save money in the process.
Always consult with your real estate agent about your home inspection results and the options you have inside the sales contract that you've signed.
To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!
For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540