4 Reasons To Buy A Home In The Winter

I’ll start by admitting that I have purchased every one of the homes I have owned in the Fall or Winter. This headline isn’t for click bait advertising- I really mean it. If you are able to purchase your next home between the months of October and February, you should.

#1: The Best Time To Have Your Home Inspected

Typically it rains A LOT in the fall and winter months, which is great as a home buyer because you want to see and inspect your next home when in the worst weather condition. For example, maybe you are curious if your basement get’s water during the rainy season (if you aren’t curious, you should be!) Having the opportunity to view the home during the toughest weather conditions vs when it’s 80 and sunny will leave you feeling extra confident moving forward with you home purchase. Likely having to spend less money on surprise fixes, because you already knew about then. Learn more about the home inspection process in Pierce County here.

#2: Less Competition

There are fewer home buyers shopping. That’s a fact. Statistically the Average Days on market climbs during the Fall and Winter months. After the 4th of July Inventory levels begin to rise and they historically peak at the end of December. With more homes on the market, you as the buyer have more negotiating power and a little more time to decide.

#3: Lower Interest Rates

Interest rates traditionally do not climb in the Fall/Winter months. They are more likely to decrease, to motivate more buyers to enter the market. Timing the market may allow you to have more purchase power if you buy a home in the winter. Read more about how to finance your home purchase.

#4: Motivated Sellers

We would like to think that all sellers are motivated but the reality is those who have listed their home during the winter months, may have some extra motivation to sell before the new year. Often times, sellers who list their home in October or November are motivated to sell before years end for tax reason. Or they are preparing to purchase a new home and are positioning themselves (with the funds from their current home) to purchase their next home in the Spring/Summer. Being a contingent buyer is extremely nuanced. Learn more about the process and how to successfully make your housing when buying and selling simultaneously.

 

In summary, start shopping in the winter months and you will be able to see and inspect your home in the most harsh weather conditions; making it more likely to expose deficiencies and needed repairs that otherwise may have gone unnoticed, had you purchased in the sunny spring and summer months. Negotiate repairs with the seller, saves you money, time and future headache! Interest rates stabilize and although there are fewer homes for sale, there are significantly less buyers shopping. Allowing you a slight leg up with negotiating and not having to compete against other offers.

Looking to Buy or Sell? CALL/TEXT Realtor Jenny Wetzel (253) 381 – 9788 or email Jenny@jennywetzelhomes.com

 

More Resources

Market Update Q1 2022

Market Update Q1 2022

The  Market Update for Q1 2022 is here! Every quarter of the year we compile the data from the following counties: Pierce, Kitsap, Thurston & King. The data is pulled directly from the Northwest Multiple Listing Service. Curious about the stats for your specific neighborhood? Let us know, we are happy to run a market update report tailored just for you.

read more
What Is A Craftsman Home?

What Is A Craftsman Home?

Craftsman style homes are a staple in our Tacoma neighborhoods. The character of a Craftsman home is what makes them so desirable. The term “Craftsman” comes from the British Arts and Crafts Movement in the 1860s. However, the craftsman style homes were most commonly built from 1900 to 1929 across the United States. What makes a craftsman home, a craftsman home?

read more
How To Finance Your Home Purchase

How To Finance Your Home Purchase

How do you finance your home purchase? There are different loan options and understanding the basics of each loan can help point you in the right direction. We highly encourage you to connect with a local, reputable lender in our area. Need a few recommendations? We have you covered.

read more

Get In Touch

Tacoma Realtor - Jenny Wetzel

Jenny Wetzel

Call or Text: 253.381.9788

Email: jenny@jennywetzelhomes.com

Fax: 253.381.9788