Winter Can Mean Real Estate Bargains
RealEstateJournal.com has an interesting article on Shopping for a Home in Winter: A Strategy for Bargain Hunters.
They make the following points:
- There are fewer units on the market and sellers tend too be more motivated
- There are fewer buyers because people don’t like to go out in the winter and many people move in between school years
- Lenders tend to be less busy, so the mortgage process can be smoother.
Of course, many of these don’t apply to sunny parts of the country, or to ski towns, but they may provide you some motivation to start looking for new real estate investments as the weather cools.