No one likes house hunting in winter, which is one reason that spring is the hottest time for home sales. All that pent-up demand. But if you want to buy now, and you have a warm jacket, then house hunting in winter has advantages for buyers.
- During winter, sellers may struggle to attract buyers, which might result in them lowering their prices or offering more attractive incentives.
- Sellers who must sell in winter are often pressed to sell for external reasons. That can result in setting a lower price or accepting a lower offer.
- When house-hunting in winter, buyers have the luxury of taking more time to think about it.
- Winter is when a house is at it’s “worst.” The exterior might be exposed, rather than being covered by foliage. Signs of water damage from ice build-up are more evident. And a closed-up home may smell different than one in spring or summer. This can be the best time for buyers to look at a house to see those potential problems.
What about selling in winter? There are still plenty of buyers willing to pay top dollar for an excellent listing, even in cold weather. It could take a bit longer, but it might be your best move rather than waiting for a spring glut of competing homes for sale. Call for a consultation to discuss when and how to get your home listed and sold this winter. (718) 399-3320