Many people avoid buying a home during the winter, but there are a number of excellent reasons to start the process before spring. Cold weather means a buyer's market. What you miss in curb appeal you will find at a warm hearth. Here are some important considerations for smart house hunting:

  • There are fewer people shopping for homes on the market. The bustle of the holidays and traveling at year-end mean that a lot of people put off the process. This means that when you find a home and submit an offer, it is less likely for the seller to receive a higher bid.
  • While inventories may be a bit lower during the holiday season, sellers tend to be very motivated. Homeowners with children do not like to uproot them in the middle of the school year, so if they are selling mid-winter, it is likely due to a job transfer or other compelling reason. Some homes have been on the market for a while and the seller wants to move the sale along. Others want to close the deal for tax purposes. Still others want to complete the sale process so they can start the year without loose ends.
  • Because the brokers and lenders have fewer clients, buyers can enjoy more attention and focus on their needs. Lenders sometimes waive fees during traditionally slow periods to encourage buyers to use their services.
  • During winter, the systems that serve the house are in full operation. You can tell if the heater is functioning properly, the plumbing is free of leaks and the roof and gutters are doing their jobs. This can prevent a lot of unhappy surprises you might not have discovered until long after purchase. You can tell a lot about the insulation and general comfort of the home when the weather is cold.
  • Few investors are searching for homes to flip during the winter months, so you there is less concern of one outbidding you on the home you want. The closer you get to spring, the more this becomes a concern.
  • Movers sometimes lower their rates in winter since business is slow. Even small discounts can save you money.

No matter what the season, your real estate agent will be your mentor throughout the process. You can count on his expertise to answer your questions and help you find and purchase the house that will become your new home.