Many people believe that the spring and summer months are the only times of the year you should look to buy a home, but that’s simply not true. Winter is also an excellent time to purchase a house, says real estate agent Daniel Fedorka, who is based in Scottsdale, Arizona. He lists several reasons why you should start looking for your next home.

Changing competition.

Many potential buyers look for homes during the warmer months, so there are sometimes fewer people shopping for a home in the winter, says Fedorka. “This means there are fewer buyers and less competition in the market.” So if you’re looking at a house you really love, you may not run into a bidding war as the number of offers on each home could be greatly reduced. Although, the number of potential buyers always varies from market to market, and year to year. 

Supply and demand.

If fewer people are looking in a season, the supply of houses can in some markets at times outweigh the demand. Some houses that would typically sell within the first weekend on the market may be there two or three weeks longer, says Fedorka. This can give buyers more options, as well as time, when deciding on their next home. Plus, there can be fewer offers on the table, says Fedorka. 

Closing process.

In the winter — specifically after the new year — the closing process can move more quickly, says Fedorka. Additionally, he says mortgage companies may not be as busy as they are in spring and summer, which in turn means there may be less backup with paperwork and approvals. Therefore, homeowners may close on their new home in a shorter time frame.

Reviewing winter-readiness.

The colder winter weather is a perfect time to see how a home stands up to the elements. This is when you can spot issues such as drafty windows and doors as well as any leaks caused by weather-proofing issues around the house. In a Meritage home, you’ll notice how well the indoor temperatures are regulated with their spray foam insulation that reduces loss of conditioned air and keeps the home consistently cozy. Meritage homes also have all-season windows, which cut down on air leaks and create a temperature barrier.

Attentive real estate agents.

The winter months aren’t usually the busiest for real estate agents, either. There are generally fewer transactions, giving agents extra time to attend to their clients’ needs as they search for homes. “Because I have fewer buyers on my plate, my focus is really on the smaller number of listings,” says Fedorka.

 

If you’re trying to decide when you should buy a new home, think of it this way: As the temperature heats up, the real estate market typically does too. However, while there may not be as many used homes on the market in the winter, Meritage has a steady inventory of new construction homes to choose from during these months. That’s why if you are looking to buy a house, consider doing so in the winter to improve your chances of finding something you absolutely love.

From time to time, Meritage Homes makes available articles and information that it believes may be of intertest to the reader. Any information contained in these articles has been gathered from sources believed to be reliable, but the accuracy of such information is not guaranteed and Meritage Homes disclaims any responsibility for such information. The views of the respective authors or persons quoted in such articles, whether or not specific attribution is made herein, are those of such person(s) and do not necessarily represent those of Meritage Homes, which accepts no responsibility for such views. The mention of specific products and/or services in any article does not constitute an endorsement or approval of such products and/or services by Meritage Homes, and such products and/or services may not be available with respect to every, or any, Meritage home. Visit http://www.meritagehomes.com/featuredescriptions for information and disclaimers about energy-efficient features and associated claims pertaining to Meritage homes. All material in these articles is copyrighted and no part may be reproduced, in whole or in part, without written permission of the copyright holder. Meritage Homes®, Life. Built. Better.®, and Setting the standard for energy-efficient homes® are trademarks of Meritage Homes Corporation. ©2021 Meritage Homes Corporation. All rights are reserved.