Reasons To Buy A Home In The Winter

We are led to believe that the spring and summer months are the prime time for purchasing a home, but have you ever considered purchasing a home in the winter?

Here are a few reasons to prove that buying a home in the winter might just land you a better deal!

The Best Bargains

With low temperatures – home sellers are less likely to pack up their belongings, as well as fewer offers coming in on homes. It would be the perfect time to snag a deal as agents and sellers are trying to close as quickly as possible!

Less Competition 

There will definitely be less savvy potential buyers in the market during the winter, due to icy roads and pavements. If you’re willing to endure the weather conditions – you just might land yourself an amazing deal!

Negotiation

A sure sign that a seller is ready to sell their home and move on out is when they’re selling in the middle of winter. Whatever the circumstance may be, negotiating a selling price, closing cost or closing date are more likely to be open for negotiation!

Most Sellers Are Holding Off Until Spring

Sure, the market might not be as booming in the winter, but it might be the perfect time to find exactly what you’re looking for, with less competition!

Working One-On-One

Winter being the slower season, your agent will have more time to spend with you regarding your big upcoming purchase. Spring is a hectic time for all agents, so in the wintertime, you’ll be able to have their undivided attention!

Homes Are Less Appealing In Winter

Everyone knows how difficult it is to keep a home looking sparkling and beautiful during the winter. There’s snow, mud, ice and salt to name a few that can make homes less appealing. However, you could use this to negotiate a better price, not to mention, the less appealing to buyers, the less offers a home will get, meaning yours could be at the top of the list!!

Mortgage Rates

You want the best mortgage rate possible so it’s always best to speak with a mortgage broker before the prices go up in the new year. Let the low supply and demand work in your favour – Don’t be left scrambling and bidding come the springtime.

Article Source: HGTV

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UPDATE: Vancouver home sales drop in February – Canadian Press

Vancouver home sales drop in February

by The Canadian Press – March 2, 2017

UPDATE: Vancouver home sales drop in February - Canadian Press

 

 

 

 

 

 

 

 

Home sales across Metro Vancouver were down dramatically last month compared with last year’s record-breaking pace, while prices across the region remained more stable.

The Greater Vancouver Real Estate Board says a limited supply of listings and an unusually snowy start to the year affected the market.

It says residential sales totalled 2,425 in February, an almost 42-per-cent plunge from February 2016.

But sales in February were up about 59 per cent from January.

The board says the number of properties that changed hands was 7.7 per cent below the 10-year sales average for February.

The board says the benchmark price for detached properties was about $1.47 million, down 6.5 per cent over the previous six months.

Prices for condos and townhomes climbed marginally over January, reflecting limited supply.

“While home sales are not happening at the pace we experienced last year, home seller supply is still struggling to keep up with today’s demand,” board president Dan Morrison said in a statement. “This is why we’ve seen little downward pressure on home prices, particularly in the condominium and townhome markets.”

Read The Original Article Here

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