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Homebuyers may find deals this winter

Posted on Tuesday, November 24, 2015 at 11:44:45 AM

Many people see winter, when homebuying activity mimics the trajectory of the mercury in thermometers, as an opportunity.

As the housing market enters its traditional down period in the winter, homebuyers can find properties for cheaper than they would during the spring or summer. This, along with relatively affordable residential financing these days, can make for an irresistible deal on a house. As the temperature drops and people enter a sort of homebuying hibernation period, those hardy individuals who hunt the housing market despite the winter cold will find less competition and lower prices.

Sellers during this period are often more motivated to complete a deal than those who choose to put their properties on the market during more common selling seasons. These homeonwers are also expecting more determined buyers.

People interested in purchasing a property during the winter have bargaining power, and may be able to hit on a deal they'd likely never find during warmer months. Homebuyers who look at the annual real estate slowdown as an opportunity may find it is the secret to getting a great home at an affordable price.