Is buying a home in the winter a good or bad idea? Let’s take a look at the advantages and disadvantages.
Waiting until winter to buy a property can be a good strategy to take advantage of a “calmer” real estate market than in the high season. However, the market is particularly dynamic right now and this can change the rules of the game! Here are some things to consider when buying a home in the winter.
Less competition but more prepared buyers
The winter period, especially the beginning of winter, is considered the least active time of the year. This means there are fewer homes for sale, but also fewer buyers.
Finally, in winter, buyers are more determined and don’t generally visit homes out of curiosity. They’re ready to brave the cold and snow to find the home of their dreams.
Take advantage of winter to create a warm ambiance
For sellers, the holiday season is the perfect time to spruce up the home and make it even more attractive to buyers. Take the opportunity to light candles and the fireplace, decorate the house and create a warm atmosphere! The first 3 minutes are the most important for a buyer, so they should get a good feeling as soon as they walk through the door.
The inspection: an essential step!
An inspection is very important, regardless of whether it’s summer or winter. In winter, the electrical and heating systems, as well as the airtightness of doors and windows, are put to the test. This is why it’s important to do a pre-purchase inspection.
Also with the snow that accumulates, you will be able to see if there are any infiltration or insulation problems. Finally, in winter, some places may be inaccessible such as balconies, decks, etc. The inspector may therefore recommend a check when the weather turns nice.
When you hire an inspector, be sure they have expertise in winter conditions. Do not hesitate to ask your real estate broker for advice, as they will be able to refer you to trusted professionals.