The housing market is often quite active in the late spring and summer. Many families are trying to time their move for the summer months, and homes simply look a bit brighter during this time. However, this isn’t the only time to get a great deal on a home. In fact, you may be better off buying your home during the winter. Take a look at some of the great reasons to consider a winter purchase.
With fewer buyers in the show homes, you’ll get more attention from the Area Manager. You’ll never have to feel rushed about making decisions, and you can take the time to ask all of your questions. When it comes to selecting a lot in your chosen neighbourhood, you won’t need to worry as much about competing for the same space.
Essentially, you’ll have the time you need to consider your options and make the right choices for you and your family. Many people appreciate the freedom to go slow. After all, it’s an important purchase.
Less Competition for Quick Possessions
Quick possession homes are often move-in ready, but this makes them attractive to many buyers. If you’re looking to buy in the winter, there’s likely to be less competition for these homes, so you don’t necessarily need to make a quick decision. Additionally, the lack of buyers often means that there’s greater stock of available homes, giving you more homes to choose from.
In the winter, builders often start building spec homes that they plan to later sell as quick possession homes. Since they want the homes to sell, they typically incorporate the most popular designs and upgrades into the spec homes. If you’re not too fussy about the exact floor plan, you may be able to purchase a spec home that’s already in progress.
You won’t be able to choose the layout of the home, but there’s still plenty of time to make decisions about the floors, cabinets, and colours on the walls. The biggest benefit of purchasing this type of home, though, is that it can shorten the timeline. Since the home is already half-built, you won’t have to wait the full year that it usually takes to build a brand-new home. Ask the Area Manager how soon you’ll be able to move in.
Timing Your Move
New homes typically take about a year to build, so purchasing in the winter means that you’ll probably be able to move into your new home the following winter. This timing is a great opportunity for those who want to list their homes in the prime early spring selling season. You’ll have plenty of time to make repairs and spruce up your current house. You can be one of the first homes on the market.
Selling in the Winter
Additionally, selling your home in the winter can also be a smart move. People who are home shopping in the winter are serious buyers, not tire kickers, and they’re desperate to find a quality home. You’ll have fewer people dragging their muddy boots through your home only to find out that they weren’t really interested in the first place.
Since there aren’t as many homes on the market in the winter, a buyer may be more likely to choose yours. Being one of the few homes on the market could be a way to sell your home fast in winter.
People don’t always realize that builders can work on homes throughout the winter months. You don’t have to wait until spring to make your purchase. Stop in to view some of the show homes and talk to an Area Manager about building your dream home. You’ll be impressed by how much you can save by purchasing in the winter.
No matter the time of year, there’s a lot to think about when buying a new home and you want to avoid needless mistakes. Check out some more tips in our post, Buying Your Next Home: 9 Common Mistakes and How to Avoid Them.