Cold weather and the Housing Market

buying a houseAs the holidays are coming in with family, friends, and holiday cheer, so are the cold fronts bringing in those chilly fall and winter months. Here in South Georgia and North Florida, the weather can be a bit unpredictable; one day could be warm and toasty, and the next a chilly sunny day where we are all bundled up in coats and gloves. Don’t let the weather fool you. If you are looking for the best time to buy a house; now is the best time! Summer is not the only time homes go up for sale. As seasons change, so does the housing market along it. If you are looking for a great buy, the fall and winter are the seasons for it, and here’s why:

Cold weather lowers competition

There may not be a lot of homes to choose from in the cold seasons; but that does not mean your dream home isn’t out there somewhere. Typically, during this time, there are fewer people actively searching for homes. This means that if and when you see a good deal, the probability of someone taking it right from under you is unlikely. Having less competition gives you more time to weigh your options and shop around until you find your dream home.

Lower temperature = Lower prices

With fewer people searching for homes, most sellers will then lower their prices to even out the supply and demand. This means you can get your dream home at a fraction of the cost compared to prices in the spring and summer months. 

Transparency

Another great benefit of buying a home in the fall and winter seasons is that you can see a home in its truest form. Easily spot drafty windows and doors or wall insulation issues to negotiate a lower price with your seller, saving you money. Such issues are not as visible in the summer months as they are in the colder months.

Cold Weather Has Tax Advantages

Did you know that there are tax benefits to buying a house in the fall and winter months? Compared to the warmer months, you can write off more expenses associated with home purchases.

The American Dream is all about keeping things simple. Buying a home in the colder months has many ideal advantages that can save you a lot of money. Our realtors are more than happy to assist you in your search, making sure you get the home of your dreams. Contact a realtor today!

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