There are many advantages to buying a home in the winter months in Lafayette and West Lafayette, Indiana and surrounding communities.
1: Seller Motivation
Since most people prefer not to sell their home in the winter, when they do, it’s more often than not out of necessity. All the low activity in the winter will result in sellers being more motivated to sell. Real estate agents know that the slow winter months are when sellers are more willing to negotiate, whether it is on selling price, closing costs, contingencies, closing date or even terms of the sale, including what household appliances and items are included in the sale.
2: Fewer Buyers to Compete With
The most obvious plus of buying and moving in winter is exactly because real estate wisdom says to shop spring and summer. As a result of this popular piece of real estate advice, there will be fewer buyers in competition during the winter months. It’s simple economics – the low demand will work in your favor. A buyer’s market means you’ll have less competition, ultimately allowing you to be a bit more choosy when it comes to purchasing a home. Take that time to do some research, comparison shopping and weigh all the pros and cons of buying a particular house.
So if you are considering that wintertime isn’t so bad for buying a home, read on and feel confident when you take that winter, home buying-plunge…
Tip #1: Get a Home Inspection
Wintertime in Greater Lafayette, IN is probably the best time to put a home to the test. With nearly every system functioning at max capacity, including things like the hot water tank, furnace, and plumbing and irrigation systems, a home inspection can reveal how efficient everything is. A home inspector knows exactly what to look for (is snow on the roof melting faster than the snow around the house?) and what it means (there’s likely an issue with the insulation!).
Tip #2: Get a Home Warranty
There are some things that just can’t be properly inspected during the winter, even by the best home inspectors in the business. For such things, like a swimming pool or an air conditioning unit, be sure to include an extended home warranty within the purchasing agreement and have the seller be responsible for any damages you may find once the snow melts away.
Tip #3: Hire a Real Estate Agent
We’re aware that this might come across as a little biased, but having an experienced real estate agent on your side can only ever work in your favor. Aside from getting years of expertise and an entire office of support, you’ll also have someone to negotiate on your behalf, increasing the likelihood of you getting a great deal on your new home.
Have questions about buying a home in the winter -or any time of year, for that matter? Follow Tip #3 and contact the experts at The Romanski Group with Keller Williams Realty today!
Why choose The Romanski Group with Keller Williams Realty for your home buying and selling needs? We take a different approach to real estate; one built upon personal touch, win-win philosophy and positive results. Our team is comprised of dedicated professionals specializing in each phase of real estate. In addition, our extensive knowledge of the Lafayette and West Lafayette areas and surrounding communities including Carroll, Clinton, White, Warren, Benton and Howard counties, allows our team to serve you the best. Give us a call (765) 293.9300 or visit us online to get started! Begin your home search now: www.RomanskiGroup.com