Buying a Home in the Winter

By: Jorge Lopez, January 20, 2016

Don’t allow the winter weather to deter you when buying a home.  Because of the frigid temperatures, many buyers choose to hold off on their search until the weather becomes a little less chilly and the ground begins to thaw, completely disregarding sellers that are looking to make a deal as quickly as possible.  Prices can also rise again once the weather gets warmer, so winter may, in fact, be a great time to buy a home.

It’s important to remain assertive when buying a home in the winter.  Even if there may be fewer buyers, those that are searching for a home are likely just as motivated as you are in finding a great deal.  Due to the fewer amount of homes on the market, a particular home may also receive more attention, which will require you to remain not only assertive but also competitive.

Before you set your eyes on a home and become too enamored with it, take some time to get pre-approved for a loan.  This step can not only give you an advantage when dealing with other buyers interested in the same home, it can potentially sway the buyer to agree to a lower price.

A home inspection might be a little trickier during the winter.  Snow can accumulate on the rooftops, it’s harder to test air conditioning units, and it’s practically impossible to properly evaluate a pool.  In such a scenario, consider asking the seller if he or she is willing to provide a home warranty which covers essential plumbing and electrical systems and appliances in the event of a malfunction.

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