12 Pro's & Con's of Buying A Home In The Winter

PRO'S
1) Sellers Are Motivated to Sell

  • Most realtors advise their sellers to wait until spring to list their homes for sale
  • Because of this, it's likely that the seller of the home you're interested in really needs to sell now
  • This can make negotiations a lot easier 
  • It doesn't necessarily mean that you can come in and lowball everything
  • You do have more leverage when the seller doesn't have multiple offers
2) Lower Competition
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  • There are fewer buyers looking at homes in the winter
  • It's less likely that you will have to compete in the same way you would in the summer months
  • The pressure to view a home on the exact day that it comes on the market is much less intense
  • Less competition may mean that you can take your time and not be rushed to make an offer right away
3) More Attention From Your Realtor
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  • Fewer buyers in the winter typically means slower times for real estate professionals
  • During the heat of summer, realtors get slammed with showing requests
  • If you're working with a realtor who is overbooked in the summer, it can be hard to receive the best service
  • The winter months are much easier for realtors, so you're more likely to get more attention & one-on-one advising
4) Median Sales Price Is Lower
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  • With more competition comes higher prices
  • Bidding wars and multiple contracts are very common at the height of the market
  • It's likely that you will pay a little less for a home in the winter that in the summer months 
5) Easy to Find Contractors
 
  • Many people that buy older homes plan to do some remodeling
  • If you need to remodel before you move in, you'll have to engage a fast acting contractor
  • Unfortunately, contractors can be very hard to find in the summer months
  • You'll probably have an easier time doing this in the winter months when contractors' work is slow
  • You may even get a better price on your remodeling in the winter
6) Less Crazy Market Conditions 
 
  • With the number of home sales doubling from winter to summer, the real estate market can become crazy
  • Buyers may decide to write contract-waiving inspection contingencies and appraisal clauses that they would never do without the added pressure
  • When the market moves fast, buyers have to move faster
  • This makes the whole process feel out of control and chaotic
  • For some buyers, this is the number one reason they decide to wait until the winter to buy a home
CON'S
7) Impossible to Inspect Certain Items

 
  • For lots of people, the number one con of buying a home in the winter is that it's really hard to inspect the exterior of the home 
  • If there has been a snow storm, it's nearly impossible to determine the condition of the roof with the snow on it
  • It's also impossible to check the air conditioning unit because inspectors can't run and test the outside units in cold weather
?8) Fewer Homes On The Market
 
  • There are half as many homes on the market in the winter as there are in the summer
  • So, your chances of finding that unique custom home are less likely in the winter
  • If you have very specific search criteria, you're twice as likely to find that unique property in the summer months, when the listing inventory doubles
9) Hard to Move
 
  • Let's face it - moving in the winter sucks!
  • Having movers bring boxes in and out of your house while it's freezing outside is very difficult
  • Snow will end up getting into everything and then melting inside the house
  • The hassle of dealing with snow and moving is enough for some to wait until spring
10) Hard to Evaluate Landscaping
 
  • If you buy a house in November, for example, the landscaping will be barren for the winter months
  • When spring comes around, you could have beautiful landscaping come to life or find out some of the trees are dead
  • It's nearly impossible to tell what the landscaping around a home is going to look like in the summer when you're deep in the winter months
11) Less Daylight For Showings
 
  • After the fall daylight saving time change, cities start getting dark around 5 p.m..
  • This makes it much more difficult to view homes in the evening
  • In contrast, in the summer months, it will stay light until around 8:00 p.m..
  • The lack of daylight can easily put a squeeze on your showing schedule in the winter
12) Changing School Mid-Term Can Be Hard On Kids
 
  • For families with kids in school, changing schools mid-term can be very disrupting
  • This is one of the main reasons there are so many more homes sold in the summer months when kids are out of school
  • The school year schedule has a large impact on the local real estate market across Canada 
  • This is a major factor in the increase in sales during the summer



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