Winter Winds are Wonderful for Homebuyers!
Have you or someone you know given up the search for a house because the weather is now cold? Are you going to put off buying a house until next spring? Don’t!
Here are some reasons why buyers should buy now:
Some sellers pull their homes off the market over the winter months for weather-related reasons, just like buyers don’t buy. The properties that remain for sale represent VERY motivated sellers which means potentially great values for buyers.
Because there are fewer buyers buying in fall and winter, sellers will consider much more seriously a buyer’s offer because they know if they don’t, they may have to wait until next spring for the next offer.
Sellers are weary and dollar short from paying high heating bills, property taxes, and shoveling snow. They want to sell NOW!
A seller is more willing to negotiate over price and other items with a buyer in the fall/winter vs. spring when ‘more buyers come out from hibernation’, so buyers may be able to get a better deal.
Interest rates are currently low and indications are that they will increase next spring, as the feds phase out their program of purchasing bank mortgages. Now is the time to cash in on these great low rates before they spike upwards.
Happy House Hunting!
Posted by:
Lisa Rossetto
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