Fall and winter are often considered less desirable times of the year to search for that perfect home. Many homebuyers prefer the hustle and bustle of the spring market, plus moving during the summer months means fewer interruptions to school and work schedules. But there are benefits to waiting until the quieter months of fall and winter that may make you change your mind. Here are some of the benefits of buying in the off-season:
There Are Fewer Homes To Choose From
At first this might sound like a drawback, but the more houses there are on the market, the more time you’ll spend viewing those houses. Sometimes less is more. Viewing fewer homes will allow really get into the house-hunting process and make an un-rushed decision when the time comes.
Aggressive Offers Are Unnecessary
Arguably, the best part about shopping in the off-season is the fact that you don’t have to make aggressive offers when you find something you like. In fact, you’re free to take the time to think before you make your decision.
Sellers Are More Flexible
Perhaps one of the best reasons to shop off-season it is a time when sellers are much more flexible when it comes to negotiations. When there are many buyers vying for the same property, the seller can make demands – or reject demands. When there are fewer hands, the buyer often has the upper hand and can ask for more. This includes a lower price, as well as any conditions they may wish to apply.
More Time With Your Agent
During the business of the spring and summer markets, finding a realtor who is both experienced and free can prove to be difficult. The opposite is true during the quieter seasons. You’ll find that a quieter market means a more attentive agent. You can feel free to ask questions and take more time with your agent than you would in the busier season.
More Attention From Complementary Service Providers
Looking for those additional services? Staging, moving, or even working with a mortgage broker? The good news is that choosing to buy in the off-season means that they’re less busy than usual, too. It also means that, as a result, prices are usually lower too. If you’re looking for a good deal, the off-season is the time to seek them out.
So while there may be fewer properties on the market, there are certainly still many pros to shopping around during the off-season. Know that you have the upper hand in most situations and you’ll likely find just what you need – and at the right price.