If you are thinking about buying a new home for the holidays this year, there are a few things you should know about home sales during the winter months. Spring is normally the busiest season in real estate. Buyers are most likely to be faced with bidding wars in the spring, so you may be able to get a better deal during the winter months when there is less competition. However, there are also some notable disadvantages to buying in the winter. No matter what time of year you are buying a home, you should always be represented by a Libertyville, IL real estate attorney. An attorney can do much more to protect you than a realtor alone can.
The Advantages of Buying a Home in the Winter
The main advantages of buying a home in the winter include:
- Less competition leading to lower prices – Fewer people are trying to buy a home in the winter. You will likely have less competition and more room to negotiate during the winter. Sellers may be motivated to drop the price in order to sell their houses promptly.