Waiting Until Spring to Buy Could Cost You Money!
The number of homes on the market is shrinking. The early, dark evenings make looking at homes more difficult. The upcoming holidays cause many to wait until the Spring to start their home search. However, waiting until spring could cost buyers real money. Here’s why…
MORE COMPETITION IN THE SPRING
The housing inventory is greater in the spring, there are also many more buyers looking in the spring market. More buyers translate into multiple offers on properties and escalating prices. Many potential buyers lost out this Spring when their strong offers did not win in multiple offer situations
Winter can be a good time to buy. The colder months are less frantic. During the winter, buyers will find less competition and sellers who are truly motivated to sell. Sellers are often more flexible on their bottom line and open to negotiations. Sellers may be more inclined to entertain lower offers or pay for closing costs.