Winter Is A Great Time To Buy A House
Probably the best time to buy a home is in the winter. This is when savvy home buyers and investors can take advantage of the low mortgage rates and less competition from other buyers.
Price increases generally begin in March as families look to get into their first home by summer vacation when school moves will be less hassle and many school sport activities are less frequent. Prices may be lower for home sellers, however, the sale process may be smoother as more qualified or experienced buyers use this time to find their next purchase. And for home sellers, there is less competition as the number of homes available is generally lower.
Typically buyers who are looking for homes during the winter season are more serious buyers. And as the selling season is generally slower, it results in more quality time with clients for going over the contract, negotiating transactions, and to tie up any loose ends within the transaction.
As it is usually colder, it is great for seeing the condition of the house as far as insulation, heating quality, and window or door drafts. And the usually lush green landscape does not block full view of the house itself. Yes, the curb appeal may be less, however, it does provide a clearer view of the property.
You can see how much mortgage you can afford by using the mortgage calculator on my site. Then when you have determined how much you can pay, we can start looking at the home buying options available to you. Remember that loan qualifications have changed this year and full debt ratio includes student loans, car loans, other living costs, and cannot exceed 43% debt to income ratio.
Now is a perfect time to sell as more serious buyers are taking the time to find houses during the lull. Usually houses may close faster as buyers tend to prefer a fast turnaround. There are also fewer homes on the market which helps to reduce competition. If you, as the seller, want to move up into a more luxury based home, this is a great time to sell so you will have funds readily available for faster close on your next home. Call me to see how much you can sell your home for and the proceeds that would be available for your next home. Now is the time to take action
You can always call me at 925-699-9508 to setup a time to go over your information. Be sure to check on my Yelp ratings!! My clients like my customer service skills.