Buying in Winter? Things to do to Prepare Yourself

Since we just sold your home in winter, let’s now buy your next home in winter.

 

It isn’t ideal to buy a home during winter because, let’s face it, winter is a drag and everything about it sucks. Homes are still waiting to be bought though. So don’t underestimate the challenge of buying a home in winter.

Some parents may become desperate at the end of summer to buy a home just to get their kids enrolled in the particular school they want. For this reason winter presents itself in a different light, one with opportunities. Let’s take a look at the five ways in which you can win while you search for your winter home.

  1. Take advantage of the discounts: While fewer homes are on the market during winter, the discounts happen on both ends. Given fewer homes on the market, yields fewer buyers as well, so this lack of demand motivates sellers, which is a tool you can use in your negotiation.
  2. Take a look at rental listings: Summer rentals are quite popular in the northeast, and many owners make a decent living renting their properties out for the entire season, month, or just a weekend. Prices tend to be better for sellers because the winter makes room for more negotiation.

If your goal is to be occupied by Memorial Day, landlords will begin marketing their properties during the winter. Some might even sell if the conditions are right. The point is there are always more homes available than what is publicly listed, and you never truly know what’s for sale until you ask. Rentals are great because they aren’t usually lived in, and they don’t have to worry about moving.

 

  1. Do your homework: Despite the cold, you can still find the right neighborhood for you and your family. Just look at researching maps with school districts, commute times, and entertainment, dining, and recreation. Once those factors are figured out your search can truly begin.
  2. Beware the winter inspection: Heating and cooling amenities are difficult to test in the winter. As a buyer be on the lookout for faulty equipment. Outdoor kitchens, irrigation systems, and pools are the type of extra features that could have unnoticeable problems in the winter. As a remedy for these disasters, you can request warranties on some appliances or build a security deposit into your deal. This can protect you from being stuck with fault equipment and no money to fix it.
  3. Imagine the spring: As difficult as it may be, do your best to imagine this house when the snow has melted and spring has finally come. Another good idea is to ask sellers for photos of the property during the warmer months to get a vision of what the landscaping will look like. Then you can begin to plan what changes you might make.

Happy Hunting!

Post a Comment