Thinking about waiting for the “perfect” market conditions to buy a home? You might just miss out! If you’re ready and able to make a move, the winter season could actually be your best friend! Here’s why this time of year can work to your advantage.
✨ Take Your Time
With colder weather, homes typically take a bit longer to sell. 📈 According to the National Association of Realtors (NAR), homes stay on the market longer during winter (check out the green bars below!). This means less rush for you! With fewer buyers in the market, you can take your time to explore options and negotiate deals without feeling pressured. 🤝
💰 Negotiation is Key
Motivated sellers are more common in winter! 🍂 When homes linger on the market, sellers may be more open to negotiations. NAR notes that “less competition can lead to better deals.” Whether it’s on price, covering closing costs, or even including appliances, you have leverage to ask for what you need! 🛠️
📉 Lower Home Prices
Did you know that homes are generally about 5% less expensive in winter compared to the summer peak? That could mean significant savings! 💵 For example, on a $400,000 home, you could save around $20,000! Take a look at the graph below to see how median sales prices of existing homes have dipped during winter months in previous years, and it looks like that trend is set to continue! 📊
🏠 Bottom Line
Buying a home this winter means less competition, motivated sellers, and the chance for lower prices. Let’s team up and find the perfect home for you at the right price this season! 🤗❤️
#OlatheConnect #DowellFamilyTeam #ReeceNichols #HomeBuying #WinterPerks
