Winter months typically bring a lull in real estate sales, but this can be an ideal time for homebuyers. In fact, there are several reasons to keep up your house hunt at year’s end.
Less competition. Even hot markets see a decline in buyers during the winter. This can mean fewer multiple-offer situations and more time to present your strongest offer.
Motivated sellers. Sellers who list during winter months are often highly driven to sell. And fewer buyers means fewer offers, so sellers may be willing to make extra concessions to close the deal.
Potentially faster closings. Mortgage brokers, inspectors, and other professionals involved in the deal may help you get to the closing table sooner since they’ll be dealing with fewer transactions this time of year.
A chance to see how the home performs. Systems such as the heater, insulation, and plumbing are put to the test when the temperature drops, and you’ll be able to witness how they handle winter stress.
If you’re thinking about starting or continuing your house hunt during the winter, ask your Texas REALTOR® about the benefits of purchasing a home at the end of the year, including tax write-offs for homeowners. You may decide it’s worth donning those mittens after all.