The leaves have fallen and now the Waterloo Region is covered in snow. And a lingering question clients have — is winter a good time to sell? Well, some may think that it is a little counter-intuitive, but buying in the winter— from house-hunting to getting all your worldly belongings from point A to point B— can actually be a lot easier, cheaper, and more convenient than any other time of the year.
Here’s why it could pay to buy during the colder months!
It’s a Buyer’s Market
Typically, we consider spring to be considered the best time to put a house on the market. Warmer weather inspires buyers to get out and hit the open house circuit, while gardens and outdoor areas tend to show better when they’re not covered in three feet of snow.
However, there will always be sellers who need to list their homes in the dead of winter. You’re at a distinct advantage if you’re out pounding the pavement while other would-be homeowners are busy hibernating. Less buyers mean less bidding wars, less stress, and more chances for you to score the house of your dreams.
Sellers are Motivated
When a seller puts their home on the market during the winter months, there’s usually a time-sensitive reason like a new job in a different city, or a baby on the way. Whatever the case, they’re often motivated to sell quickly and close the deal with minimal hassle.
Luckily for you, that translates into possible savings. Sellers might accept a lower offer when they’re not flooded with other options or a closing date that fits your schedule. The bottom line? Don’t be afraid to negotiate.
Moving Companies Might be Cheaper
Unlike spring and summer, you don’t have to book a rental truck or moving company weeks (or even months) in advance. It’s pretty easy to score movers and transportation in the off-season, it might just be cheaper also. There are many movers in our Region that are good for last-minute moves. Give me a call for names!
Furthermore, moving and rental-truck companies usually offer winter discounts to entice customers, and you can even book weekends—which tends to be impossible in June, July and August—rather than take time off work to get the job done.
Tradespeople are Easier to Book
Whether you’re looking to have your new place professionally painted before you move in or need an expert to install that gorgeous vintage chandelier, you’ll have an easier time booking tradespeople in the offseason.
Like movers, tradespeople tend to be less busy in the colder months, when homeowners aren’t as focused on home improvement. You won’t necessarily score crazy deals, but most painters, electricians, and repair technicians will be more than happy to accommodate you.
Whether you are looking to Buy, Sell, or Invest in these cold winter months — or you’re thinking about it in the oncoming seasons. Give me a call and let’s chat about your goals and work out a plan to achieve them!