In our last blog post, we talked about how you should consider buying a home in the winter, despite the season's bad rep with real estate markets. This week, we've compiled a list of tips for buying a home in the winter in Ridgewood, Bergen County or any other area that gets cold temperatures and snow. So if we convinced you that wintertime isn't so bad for real estate transactions after all, read on and feel extra confident when you take that cold, home buying-plunge!
Tip #1: Get a Home Inspection
Wintertime in Ridgewood, NJ is probably the best time to put a home to the test. With nearly every system functioning at max capacity, including things like the hot water tank, furnace, and plumbing and irrigation systems, a home inspection can reveal how efficient everything is. A home inspector knows exactly what to look for (is snow on the roof melting faster than the snow around the house?) and what it means (there's likely an issue with the insulation!).
Tip #2: Get an Extended Warranty & Insurance
There are some things that just can't be properly inspected during the winter, even by the best home inspectors in the business. For such things, like a swimming pool or an air conditioning unit, be sure to include an extended warranty within the purchasing agreement and have the seller be responsible for any damages you may find once the snow melts away. Hiring a professional real estate agent can come in very handy here. Which brings us to our next tip…
Tip #3: Hire a Real Estate Agent
We're aware that this might come across as a little biased, but having an experienced real estate agent on your side can only ever work in your favor. Winter is a particularly beneficial time to seek the help of a professional as agents are typically less busy than they are in the spring and summer. This means they'll have more time to focus on you and give you extra-special attention. Aside from getting years of expertise and an entire office of support, you'll also have someone to negotiate on your behalf, increasing the likelihood of you getting a great deal on your new home.
Tip #4: Don't be Afraid to Ask for a Little Extra
Speaking of great deals…Since most people prefer not to sell their home in the winter, when they do, it's more often than not out of necessity. These extra-motivated sellers might be more likely to negotiate with you than if they were selling their home in the summer months. Your real estate agent can use that to your advantage and negotiate an especially great deal for you, whether that translates into a lower selling price or maybe selling the home partially furnished...'Tis the season for giving, after all!
Tip #5: Keep Calm & Don't Rush On
As we mentioned last week, the colder seasons typically present a great time for prospective homebuyers. A buyer's market means you'll have less competition, ultimately allowing you to be a bit more choosy when it comes to purchasing a home. You'll have less pressure from competitors, so be sure to take that time to do some research, comparison shopping and weigh all the pros and cons of buying a particular house. This is a luxury that buyers don't typically have during the spring and summer months, so make sure to take advantage of it.
Have questions about buying a home in the winter -or any time of year, for that matter? Follow Tip #3 and contact the experts at Tarvin Realtors today! We can help with all of your real estate needs.