It may not feel like, but winter is quickly approaching. This is good news for those looking to purchase a home, because house sales tend to rise along with the temperature. According to Realtor.com, 50% of homes are sold in summer. That is exactly why you should avoid buying during this time and opt to do so in the winter instead! Keep reading to learn why:
#1 Your Chosen Home Will be Cheaper. There will be fewer buyers in competition with you during the winter months. The low demand will work in your favor; it’s simple economics! For those looking to find a good deal in the housing market, the winter can be prime time. Year after year, closings in January show a steady dip in prices, suggesting that buyers who made offers in November and December got the best deals. If you want to get the best deal, and avoiding a bidding war, your odds are best this time of year.
#2 It’ll Go Faster. Moving is quite a long process. You know this if you have ever bought a home before or even rented a new place. Getting on a Real Estate Professional’s schedule, getting paperwork signed, closing with the bank, and even hiring a moving company will take much longer if you are doing it at the peak of summer. The less people moving at the same time, the quicker the process will go.
#3 Your Real Estate Agent will Work Harder for You. There isn’t just less competition for the same house, there is less competition for your Real Estate Agent’s time too. Low activity during the winter months means you will have their undivided attention. These months of low sales volume encourage Real Estate Agents to try just that little bit harder to negotiate a sale that works for you.
#4 There’s Less of a Chance You will Lose a Bidding War. Another reason that the Southwest Florida winter can be such a buyer’s market is that the fewer number of buyers competing for homes means that there’s a lower chances of there being multiple offers on a single property. Less offers mean you won’t be outbid on a home you love.
Owning a home in Naples, Bonita Springs, Cape Coral, Fort Myers Beach, or anywhere else in Southwest Florida is a wonderful investment in your future happiness. And this is the perfect time of year to get started! The Beattie Realty Team can help you find one that best fits you, your family, and your unique living situation. There are many communities and home options in Southwest Florida to chose from and we’d love to be the one showing you around. Contact us today by calling (239) 994-6187 or sales@beattiedev.com to get started on your home buying journey.