Buying in winter, good or bad idea? We take a look at the pros and cons of buying property in winter.
Waiting until winter to buy a property can be a good strategy to take advantage of a “quieter” market than in high season. However, the real estate market is particularly buoyant right now, and that can change the rules of the game! Here are a few points to consider when buying in winter.
Less Competition,
More Prepared Buyers
Winter period, especially in the beginning, is considered the least active time of the year. This means there are fewer homes for sale, but also fewer potential buyers.
During this time, buyers are more determined and don’t visit just out of curiosity! They’re ready to brave the cold and snow to find their dream home.
Use Winter to Create a Warm Atmosphere
For sellers, the holiday season is the ideal time to embellish their home and make it even more attractive to buyers. Take the opportunity to light candles, and the fireplace, decorate the house and create a warm atmosphere! The first 3 minutes are the most important for buyers; they need to feel at ease as soon as they enter the property.
Inspection: an Essential Step!
Inspections are very important, summer and winter alike. During winter, electrical and heating systems, as well as door and window sealing, are put to the test. That’s why a pre-purchase inspection is so important.
What’s more, with snow piling up, you’ll be able to see if there are any infiltrations or insulation problems. Finally, certain areas may be inaccessible, such as balconies and terraces. The inspector might therefore recommend an inspection when the warm weather arrives.
When appointing an inspector, make sure they have expertise in winter conditions. Don’t hesitate to ask your real estate broker for advice, as they’ll be able to refer you to professionals you can trust.
