The prospect of buying and moving into a home during the late fall, winter, and early spring may seem daunting, but it could be in your best interest financially. Studies have shown that sale prices for homes drop approximately three percent from September through November and then continue to decrease through January into February.
The selection may also be greater. Because people don’t typically want to purchase homes during this time period, the listings have been on the market longer which means that there is more of a selection AND more room for negotiation. The drop in sale price from summer to fall can be as much as eight percent. The drop in price from September to November is even greater.
So before you let the image of yourself moving a piano from one home to another in the cold and snow deter you from looking and buying, consider the money you could save. Even better, consider that maybe the money you save will allow you to take a vacation to someplace warm while the rest of us are wearing hats and gloves.
De Vita, S. (2016, October 5). Worth the Wait: Homebuyers Save Thousands in the Off-Season. Retrieved November 16, 2017, from http://blog.rismedia.com/2016/worth-the-wait-homebuyers-save-thousands-in-the-off-season/