Advantages of Buying or Selling a Home in the Winter

There’s no doubt that Canadians are used to winter weather. After all, we spend most months out of the year trudging around in the snow. Most people, however, wait to buy or sell a home until the temperatures have risen and the skis have been put back into storage. But that might actually not be a wise move.

Here are some things to consider when re-evaluating winter as a selling or buying option.

For Buyers
Even though winter is considered to be the off-season for real estate dealings, buyers might be able to find their perfect homes for great prices with fewer buyers vying for the same houses. Even if there are fewer properties from which to choose, it may be likely that there are also fewer folks making offers, which could be to a buyer’s advantage. Agents will have more time to really show you what’s available at this time, so you might want to take advantage of their expertise and market knowledge.

Great Time for Inspections
When you’re hunting for a home in the winter, it will give you the chance to see how it holds up in some really tough weather. You can tell if the house feels cold, if the heating system seems to be up to par and how the windows keep out the cold. It’s easier to spot potential issues in colder months.

For Sellers
People never stop hunting for homes no matter what time of year it is. Since there may be fewer properties for sale in the winter, the demand could be higher, and buyers just might be willing to pay more for your home. Since your real estate agent may not be as busy as he or she is in the spring and summer, you may get more of his or her time. Having a more attentive agent at this time of year could mean a quicker sale for you.

Keeping it Warm
Winter gives you the chance to show how warm and inviting your home can be. If you’ve got a fireplace, make sure it’s on during showings. Winter gives you the opportunity of showcasing your home in a unique light, especially if it’s around the holidays. You can highlight important features like the heating system, insulation and lighting. Let the snow fly because it’s a great time for creating a welcoming ambiance!