In our last blog post we highlighted the advantages of selling your Ridgewood, NJ home in the winter and provided some tips on how to do so. Buying a home in the winter can be similarly advantageous. Whether you're a discerning homebuyer looking for a deal or simply need to relocate for personal reasons, braving the cold and less-than-ideal weather conditions to house-hunt can be worth it. Read on to discover why you should consider buying a home in the winter in Ridgewood or the surrounding Bergen County area.
Winter is a Buyer's Market
While spring and summer are historically the prime seasons for real estate, fall and winter typically present a slower market that's perfect for buyers. While there may be fewer homes for sale as temperatures drop, there are still plenty to choose from, and fewer buyers hunting for them. Less competition between buyers means fewer offers on homes, fewer bidding wars and ultimately more time for you to make a decision regarding one of the most important investments of your life.
Sweeter Deals & Lower Prices
People selling their homes in the winter typically have a pressing reason to do so and are therefore more motivated than people selling a home in the high season. As such, winter home sellers are often more likely to negotiate with you in some way: maybe they'll lower the closing costs or offer you the beautiful dining room table you fell in love with during the open house.
Another benefit to buying a home in the winter is that listing prices are generally lower than in the spring and summer months, so even if the seller isn't willing to part with that table, you can still walk away with a pretty great deal.
Industry Professionals Make You a Priority
Industry professionals like real estate agents, lenders and movers typically aren't as busy during the winter months, so they have more time to focus on you. Lenders are more likely to process financing applications quickly and efficiently, and moving companies may offer discounts.
Cold Weather: The Ultimate Home Litmus Test
It's no secret that homes look, and perhaps function, their best during the spring and summer. By viewing a home in the winter, you'll get to see how all its big systems (plumbing, heating, roof, etc.) hold up against cold temperatures and harsh weather conditions.
You'll also get to see how well the neighborhood is taken care of and a home's curb appeal at its worst. Are roads properly ploughed? Are sidewalks clear of snow and salted? If you love the look of a particular home during the grey of winter, imagine how you'll feel come springtime!
Have we convinced you that buying a home in the winter can be a great investment? If so, start browsing through our Ridgewood, NJ real estate listings and be sure to check out next week's blog post, where we'll provide you with tips for buying a Ridgewood home during the winter!
If you're considering buying a home in the winter in Ridgewood, NJ or the surrounding area, send us a message or call the Tarvin Realtors office at (201) 444-0690.