Most metropolitan areas of the U.S.—including Madison, Wisconsin—see a peak in home sales during the summer. If you’re hoping to buy a home, is it best to follow the crowd? As it turns out, winter and the cold months may work to your advantage if you need to purchase during the most wonderful time of the year.
Here are 5 reasons why cold months are a hot time to buy a home:
1| Prices are lowest in winter
According to MarketWatch, it’s best to wait on buying until “January or February, when homes cost 8.45% less on average than in June through August.”
2| You have less competition
There may be fewer homes on the market because it’s an off-peak season, but that also means fewer buyers and less competition for your dream home.
3| You’ll know if you will like a home year-round
If you tour a home in the winter, and its style, decor, and overall coziness level is up to your standards, you’ll be sure to love it even more in colorful, mild spring and summer months.
4| Cold weather problems will be more apparent
There’s no way to hide a leaky roof or drafty doors and windows in the dead of winter.
5| Everyone is less busy
As Maximum Real Estate Exposure suggests, if you wait until January or February to buy a home, your realtor and lender will likely be less busy and open to your schedule and needs.
Ready to look for a new home? Don’t wait until spring. Give the talented, highly experienced, Madison-based Cheng Real Estate Group team a call today at 608.957.2683.