Winter wondering: Why now could be a great time to buy or sell
Conventional wisdom says you shouldn’t buy or sell a home during the winter. But real estate pros will tell you that the winter can often be a great time to buy or sell. Why? Consider the following:
- Historically, interest rates tend to drop the most at the end of the year.
- The number of homes listed for sale drops in the winter, which means less competition for sellers.
- While there are fewer buyers looking, those buyers who are shopping are more serious about closing.
Remember that large employers often transfer employees in January to start the New Year, and that means even more motivated buyers are looking in the winter months.