Thursday, January 6, 2022

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    Thomas Radke if love isn't the answer you asked the wrong question.Roles to play, dances with dogs, dances with snakes in the grass, dances for life and death. The portal to the realm of Death. To the garden of souls. Slugs, Sluts, Snakes,Golan Shahar. 'My Uber drivers got an attitude'.Franky FroghatsPalm Springs, Family Affairs, Heads To Count, Faces In Herds. Lots Of Balls In Air:House Hunting During Fall & Winter...THE BEST!


Why Is Winter The Best Time To Buy A House?

Winter is the best time to buy a house

Without a doubt winter is the absolute best time to house hunt. The reason why winter is the best time of the year to buy a house is because anybody listing in the months of November through January is probably desperate.

During the winter, the weather is at its worst. Many people are away during the holidays. Most people don’t move until the summer due to school. People tend to front load their spending, meaning they don’t have as much money left at the end of the year.

Finally, there is an assumption that anybody who can’t wait until spring to list their house must be having financial issues. If you plan to sell your house, please don’t list during the winter! You will have bargain hunters like me trying to terrify you into selling at a below market price.

 

Winter Is The Best Time To Buy A Home

Take a look at this chart that shows why winter is the best time to buy a house. The median days on market in winter is the longest. The median sales price at closing during winter is some of the lowest.

The best time to buy or sell a home - Winter Is The Best Time To Buy A Home
Source: Federal Reserve, Census Bureau, and Zillow

Based on the data above, you can see empirical evidence showing January has the lowest median sales price at closing and stays on the market the longest = the best time to buy a home.

February is also a great time to buy a house as well. Conversely, June is the worst month to buy a property due to its highest median sales price at closing and shortest days on market.

Unlike the stock market, where it’s hard for the average person to get an information edge, real estate provides a lot more opportunity for those who are willing to hustle. If you must buy property at current levels, then winter is the time to look your hardest.

 

House Hunting During Winter

If you pay close attention to your local property listings, you will notice the most amount of price reductions during the winter. These price reductions are largely the result of the properties being initially overpriced. They sat on the market for more than 30 days without at least an asking price offer. This is when desperation starts setting in.

It is much more emotional and worrisome to sell a house than to buy a house. I know this first hand after spending 45 days trying to sell my house to a guy who took out a $2,000,000 loan and another $300,000 loan.

So many things can fall through from the buyer’s side including: failed inspection, failed loan, cold feet, further negotiations and more. Once a deal is broken, people start wondering what’s wrong with the property.

Despite all the reasons I listed why winter is the best time to buy a house, there’s one more reason I came across that is super important. Seeing whether the house can hold up to the harshest elements! If the house is well insulated and not leaking during the worst months, then it should be good to go.

https://www.financialsamurai.com/winter-best-time-to-buy-a-house/#:~:text=Winter%20Is%20The%20Best%20Time%20To%20Buy%20A%20Home&text=Based%20on%20the%20data%20above,buy%20a%20house%20as%20well.


STOP RENTING, START OWNING!

WITH OUR LEASE PURCHASE HOMES:

500-550 CREDIT SCORE OK!

About 25% of every monthly payment goes toward your savings for a down payment.Buy the home whenever you’re ready, or walk away and cash out your savings.

FREE HOUSE HUNTING APP.

Please text or call me today.

Levi Richards eXp Realty

817-900-3232

www.levirichardsdfw.com



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