12 February 2013
Did you know that your customers can save significantly if they start their home hunt now instead of waiting for sunny skies and warmer temperatures?
This article summarizes some pros and cons of the winter market for both homeowners and potential buyers. Notably, sellers can take advantage of less than ideal weather conditions to camouflage potential problem areas (e.g. roof, foundation) and buyers can often save thousands of dollars and face less competition in colder months. They can also get a better idea of how their future home performs under the pressure of wind chill by checking draughts at windows and observing how the furnace is managing.
- Homes are often listed for 1% to 6% lower in the winter months (CREA)
- Waiting to buy in June could add $3,500 to $21,000 on a home listed for $350,000 (CREA)
- Advantages for buyers and sellers