Realtor.com
recently published its Winter Home Buyer Report, which reveals the pros and
cons when it comes to searching for a home in the winter months. The most
common complaint involves insufficient inventory in a buyer’s preferred price
range. 45% of respondents cited this as problematic, while 34% noted the lack
of inventory in general. Many respondents also replied that the inclement
weather makes house hunting less enjoyable. On the plus side, respondents claim
that sellers are more motivated to sell and negotiate, home prices are better,
and competition is less severe, allotting buyers more time to make a decision. House
hunting in the winter also lets the buyer test a home’s “winter fitness”
(drafty windows? inadequate heating system?). Real Estate agents are likely
more available, and lenders and movers will be more accessible and sometimes
more affordable. You also get the chance to see how well the streets are paved
and whether the homes are decorated for the holidays.
Many people
(approximately 25%) are currently searching for a home because they were unable
to find one during the warmer months. It is also common to see winter buyers
who are relocating. Unfortunately, the same problems that discouraged buyers in
the summer and fall, such as low inventory, continue to hinder buyers now.
Are you in the
market to sell or buy a home? Contact me to see what I can do for you!
No comments:
Post a Comment