The Mortgage Corner with GreenState Credit Union: The Benefits of Buying in the Winter

It’s no secret that most people associate home buying with spring and summer. While we may have exited the year’s traditional home buying season, the winter months hold some unique advantages that are often overlooked. Read on to learn why buying in the winter could work to your benefit.

• Sellers are motivated. Sellers listing their homes in the winter are often doing so out of necessity, such as a move prompted by new employment. This presents an opportunity for price negotiation.

• Less competition = more time. The holidays, colder weather, and shorter days can cause some prospective home buyers to delay their search. A smaller buyer pool means less competition and a lower likelihood of feeling pressured to make a quick decision.

• Witness the harsh weather test. Winter is a great time to identify issues that may not appear in the warmer months. Drafty windows, ventilation issues, and even driveway ice accumulation are details worth considering that could otherwise go unnoticed.

• Get ahead of the spring rush. When warmer weather returns, you’ll want time to enjoy the longer days in your new home. A winter purchase allows you time to settle in and enjoy the spring and summer months rather than plan a move.

If you’re ready to take advantage of the winter market or simply want to meet and explore your options, contact one our mortgage lenders with any questions www.greenstate.org/mortgage

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