Spring and summer are more popular to buy a new home, but there are many reasons to shop for a new place in the winter. While yards are covered in snow, and you can’t see the landscaping, the snow does help in other ways.
In southern Alberta, our chinooks can help make it easier to track any foundation cracks that are causing water to enter the basement and a home inspector will have an easier time seeing signs water damage.
Another perk is that there are fewer buyers looking for properties in the colder months so there’s less competition. That feeling of defeat after finding your perfect home only to realize there’s a bidding war going on can be daunting. During the winter, you’re less likely to come across that problem.
There is less inventory available during this time of year, but with fewer buyers, that may not be an issue. Houses on the market this time of year are generally priced lower than they would be in the warmer months, due to there being a higher supply than demand.
Since selling in the winter can be hard, sellers are usually more motivated and homebuyers may end up getting a better deal on the price, closing cost, closing date, and terms of the sale. There can be many reasons for selling in the winter such as a career move, or any other personal reasons that may encourage the seller to close quickly.
Don’t forget, new mortgage rules come into effect on January 1, 2018, so buying before then may be a better option for your family.
We give all of our clients our undivided attention, but the winter is easier for our team to book walkthroughs and meet with you. Call José Rauda and Lisa Shaw today at (403) 329-8899 and see how our team will help you with your real estate endeavours.