Buying in the Off-Season

Conventional wisdom tells us that spring is the best time of year to buy a house. But is it REALLY the best time?

Certainly, buying in the spring or summer has its advantages – the school year is wrapping up, the weather is nice for moving, you can see the yard in full bloom – but fall and winter can also provide house-hunters with great benefits.

  • There’s less competition. Even though there are fewer homes on the market, there are also fewer potential buyers. This puts you in a powerful bargaining position and can lead to a lower purchase price.
  • Additional incentives. In addition to paying a reasonable price, you may be able to negotiate extra benefits like an appliance allowance or seller-paid closing costs.
  • Sellers are motivated. Homes that are listed in winter have typically been on the market for several months or need to be sold quickly.
  • Property tax paid before December 31st may be deductible. Of course, every financial situation is unique, so please contact a tax advisor or advisor for specific advice.
  • More ways to save! Winter can be a slow time of year for movers, home improvement contractors and related service providers, which can result in discounted rates.

So grab a jacket, contact a real estate agent and start your search today. Who knows? You just might find and move into your dream home before the year ends!

- By Jena Harwell, Dec 05, 2016