Bare trees, fallen snow, and cold temperatures don’t usually make people think of house hunting, but maybe they should! While spring and summer remain the most popular times to buy a home, there are several benefits to searching for and buying a house in winter here in Minnesota.
Have you been on the losing end of a price war with several other buyers? Feel like you can’t get out to see a home fast enough before it’s sold? Looking for a home during the winter months can help alleviate the headaches caused by high demand. There are fewer homebuyers in the winter for several reasons:
Simply put, there are fewer buyers in winter, and fewer buyers means you have better odds of finding your new home and not as many offers to compete with.
Lower Prices (generally speaking)
Though the winter housing market gets a little busier each year, it’s still very much a buyer’s market. Historically, once the snow starts falling, housing prices typically decrease. This is due to the anticipation of a “quieter” market during the winter. So, unlike the people who are buying their house in spring or summer and paying over the asking price to beat out the competition, you are more likely to pay the actual asking price or even below it.
More Realtor Attention
If spring and summer are the busiest seasons for homebuyers and sellers, it’s also the busiest time for realtors. Working with a realtor in the winter can offer a chance for extended one-on-one time and attention
Considerations When House Hunting in the Winter
House hunting in the winter can be very beneficial, but it can also come with challenges. If you plan to continue your home search in the winter, here are some things to consider:
What are you waiting for? The odds are in your favor! Lace up those winter boots and let the hunt for your perfect home begin.