WILTON, Conn. -- Snowy open houses and icy walkways may not be as appealing as looking at homes during the spring and summer months, but there are advantages to shopping in the off-season.
Below, Wilton's Realty Seven lists the benefits of looking at homes in the winter.
First Time Buyers Benefit
For first-time buyers, the amount of less-expensive starter homes increases in the last three months of the year compared to the spring. That influx of homes for sale leads to listing prices that are lower than in the summer. All of this can make winter a great time to shop for a starter home.
Competition Cools Off
The upside of shopping in winter is that many potential buyers won't start looking until spring. That means less competition, so bidding wars for houses are much less frequent.
Sellers Are Willing To Make A Deal
Many Realtors advise their clients to wait until the spring and summer rush to sell, so homes on the market in winter often have motivated owners who cannot wait that long. These homes, especially those that failed to sell in the fall and are still on the market, may be priced down in the winter.
Buyers Have Less Pressure
Because listings tend to last longer, buyers aren’t as likely to feel pressured into jumping on the first home that hits the market. This gives buyers the time to find a dream home, that fits all their needs.
For more information about Realty Seven, visit their website.