Have you been thinking of buying a new home early next year when the traditional spring selling season arrives?
If you’re ready now, winter can be a great time to buy. For buyers who are ready, there are advantages to not waiting for the busy spring buying season.
In the winter there is less competition among buyers since fewer people are looking. While inventory is usually lower in the winter, there are TONS of amazing homes available in the greater Peoria area.
Sellers who keep their homes on the market during the winter are often more motivated and willing to make a deal. If you schedule a showing during the winter, you can see how well insulated a home is and how the heating system works which are important factors here.
Here are some winter home buying tips from U.S. News and World Report:
Have a flexible schedule – People are busy around the holidays, so even the most motivated sellers may not be able to show a home at the spur of the moment.
Ask for photos of the home in other seasons – If the house has been on the market for a while, the photos and videos created as part of the marketing package could show the home in another season. If not, ask the sellers if they have photos showing the backyard, patio, pool, flower beds and other elements that don’t look good in winter.
Document the condition of things you can’t see – Ask when the roof was last replaced, whether the septic tank has been serviced and when the deck was cleaned. Ask the sellers for receipts or copies of building permits to document their claims.
Don’t be afraid to offer below asking price – If the home has been on the market for a while, and it is still for sale in the winter, sellers could be ready to accept a lower offer, especially on an expensive home. Get your agent to do some research and find out how motivated the seller is.