Most real estate agents will tell you summer is the peak real estate season. In fact, around half of all homes sold during the year are sold during the summer. There are many reasons for this – families have an easier time house-hunting when their kids are out of school, the weather is much nicer, and more.
Despite the reasons why most homebuyers buy new homes in the summer, you might want to consider buying a home at the end of the year. Here’s why:
- Better Moving Prices – The cost of moving can be expensive. However, moving companies often base their rates on how busy they are. As you can imagine, they’re busiest during the summer when the majority of homes are being sold. They’re much less busy in the winter, which means they’ll be more affordable.
- Less Competition – There will be fewer buyers during the winter since most people go house-hunting in the summertime. You’ll be much less likely to find yourself in a bidding war for the home you want. With fewer buyers, you also have more negotiating power with sellers.
- More Motivated Sellers – Homesellers fully understand summer is the best time of year to sell. If they have listed their house during the winter, it means that they likely need to sell, and probably as fast as possible. They could be forced to sell as a result of their financial situation or because they are relocating for work. Whatever the reason, there’s a good chance they will be more willing to negotiate.
These are just a few reasons to consider buying a home during the fall and winter seasons at the end of the year. For additional real estate advice, contact us at Randy Lindsay today.