The real estate market is often considered “hot” when it’s warm outside – spring and summer months usually see a surge in home sales. However, not everyone can wait until the sun’s out to relocate. If you’re considering a move, you may be curious about the pros and cons of buying or selling a house in winter. Let’s explore them together below.
The Pros and Cons of Purchasing a House in Winter
Are you thinking about buying a home this winter? If so, read a few pros and cons below.
Pros
- Because fewer homes sell during the winter, you will not encounter as much competition when purchasing a home. You’ll probably be able to see homes easier because there are fewer people home shopping. Also, your offer will likely be accepted more quickly because there is less competition.
- When a home is listed in the colder months, the seller is usually motivated to sell the property quickly. They don’t want to wait until spring or summer, so they are more likely to work with you on price and terms.
- Moving during the off-season is often more affordable, and booking with a moving company is easier. Because fewer people are relocating during this time, you shouldn’t experience as many scheduling conflicts with your moving company.
- While your agent is always devoted to you and your transaction, you’ll enjoy even more time with them during the winter months because of their typically calmer schedule. What a perk!
- Once homes are under contract, they tend to close more quickly in winter.
Cons
- The weather can interfere with many things when buying a home in wintertime. Inspections and appraisals often get rescheduled due to ice and snow.
- You may find that you have fewer choices when home shopping during the winter months.
- While it can be cheaper to move during the winter, it’s not always easier. Packing, loading boxes, and driving to your new home can be more challenging if the roads are snowy or icy.
- This drawback makes it harder to look at homes after work hours.
- Winter can be more difficult for home buyers because most kids are in school. Their schedule makes it more challenging to pack, move, and start a new school.
If you have any questions or concerns about buying a home in the colder months, don’t hesitate to reach out to us anytime – we are happy to help!
The Pros and Cons of Selling a House in Winter
This list of pros and cons will be handy for those considering selling their home this winter.
Pros
- Less competition – Winter home sellers have less competition, which can increase their home’s visibility among buyers.
- Easier to highlight certain features – Selling a house in winter can be an excellent way to highlight your home’s energy efficiency. An adequately weatherized home can make a significant impact on prospective buyers. Also, December home sellers enjoy the benefit of using holiday décor to captivate buyers!
- Motivated buyers – When potential buyers are looking for homes during the winter months, they are generally more motivated. There is usually a reason they need to move, which makes it more likely for them to put in an offer.
- Cheaper moving costs – As we mentioned previously, moving in the winter is often more affordable, and booking with your moving company may be easier due to fewer customers.
- Extra time with your REALTOR® – Enjoy additional time and dedication from your agent during the winter months!
- Faster closing time – Also previously mentioned, homes under contract tend to close faster during the winter, so you’ll be able to move to your new home more quickly.
Cons
- Lower curb appeal – Curb appeal takes a hit in winter. Flowers aren’t blooming, and the grass isn’t green, making it harder for a home’s exterior to look its best.
- Fewer offers – Winter sellers may get fewer offers because there aren’t as many people shopping for homes during the colder months.
- Weather-related delays – The weather can make it harder for people to attend showings and open houses. Icy and snowy conditions can also delay appraisals and inspections.
- Moving challenges – Like home buyers, home sellers experience more moving challenges during the winter months.
Are You Ready to Buy or Sell Your Home This Winter?
While there are a few cons, you can still come out on top when buying or selling a house in winter. No need to wait until spring when a great opportunity may be knocking on your door today! And, as always, we are here for you to help you through the process.
Do you have questions or concerns about buying or selling a house in winter? We are excited to bring our knowledge and experience to the table to help. Feel free to call us at (401) 334-3334 or schedule a consultation here – we can’t wait to hear from you!