Several Reasons To Purchase a Home This Winter

 It has been said that springtime is the perfect time to buy or sell a home, but is this always the case? Not necessarily, while springtime is the most popular time, winter months can work in a home buyer’s or seller’s favor. This can include having more time on your side to decide, not as much competition, and real estate agents have more time to focus on just you. Here are several reasons that this winter might be the right time to purchase a home.

1. Winter-Tested Houses

The winter brings harsh cold weather to most every area in the US. During the harsher cold weather, a home inspector can see the home’s flaws a little better. If you close on a home in the summer, you might have some surprises in store next winter. Professionals in the industry will tell you that the best time for a property inspection is during the rain and snow.

2. Motivate Sellers

Inventory is fairly low and slow in the winter. If someone puts their home on the market in the winter it usually means they are a motivated seller. If you are in the market for a new home, sellers will be more prone to accept offers and negotiate more on the price and closing costs during the slow winter months.

3. Fewer Buyers

The winter months are a great time to hibernate indoors so to speak. This means that there are fewer buyers out there during the colder months that are looking for a home to buy. You definitely will have less competition in the housing market during the winter. This means you can take your time and make sure you are not rushed into making an offer.

4. Available Realtors

Since winter is considered an “off-season” for realtors, this means that realtors have more time on their hands to devote to you and your search. A realtor will not only be able to devote more time but also support your specific home search.

5. Discounting Movers

Colder winter months are also slow for professional movers. This means that many movers might give company discounts for their services during this time. Since they will also have a lighter schedule, they will have more free time so they should be able to accommodate when you would like to move.

If you are ready to move before the spring, contact a local real estate agent who can help you with the home-buying process. A realtor can not only find you the home of your dreams but can get it at the right price and right terms.

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Reason To Purchase A New Home Before Selling Your Current Home

Selling a home and moving are some of life's most stressful events. It is hard to schedule a closing for your new home and current home in order to move in one and out of the other. Flyhomes, a real estate brokerage, says to consider purchasing a home before you sell the one you are currently living in. Here are a couple of reasons to purchase a home before you sell your old one.

It gives you time to find the perfect home

Getting an offer on your current home is exciting but can be stressful because that means you have to find a new home to move into before your closing date. Rushing to purchase a new home will only make you more stressed with the process. A way to take off some of the pressure is to purchase a new home before selling your current one. You will be able to take your time and purchase the perfect home. This is another way to avoid extra expenses from moving and storage and temporary housing.

It can make your offer more competitive to sellers

Many times a buyer has a home they have to sell when making an offer on a new home. It is a competitive market and a buyer has to pull out all the stops. Having a contingency to sell a home on your offer puts limits on it. If you purchase a home without selling your current one, your offer will be much stronger.

Remember using a professional sales agent is a must. If you want to take this approach, choose a Realtor who can help you through the process.

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What to Negotiate When Purchasing a Home

Buying a home can be an exciting but daunting experience. Getting the right price is just one of the pieces to the negotiation puzzle. Here are eight things you can negotiate other than just the purchase price.

Number one is the closing date. Some buyers are in a hurry to close while others need more time. Many don’t realize that the closing date can be negotiated. Buyers might need to move in quickly because of a new job or might need to push the date back because their kids need to finish up the current school year. As long as the date is good for both the seller and buyer the time table can be flexible.

Second comes the closing cost. There are many factors that play into the closing cost. These include the inspection fees, appraisal fees, loan origination fees, recording fees and the lender title insurance.

The buyer is typically responsible for these one-time fees that are paid on the closing day. The buyer can negotiate for the seller to pay all or some of the closing cost. This has become more common as the home prices have continued to rise.

Third are the contingencies. Contingencies are basically an agreement on things that must be met before the real estate contract becomes binding. Contingencies can be based on financing, the home inspection, repairs, appraisals and more. A common contingency is the sale of a potential buyers old home before they can close on the home under contract.

Inspections are the fourth thing on the list and are an important factor when purchasing a home. No buyer should purchase a home without a professional inspection. If a seller refuses an inspection and wants the buyer to purchase as is, this can be a red flag.

The next thing that can be negotiated is repairs. Home inspections are there for the buyer’s protection. They can potentially reveal problems or defects that need to be resolved. The seller and buyer can negotiate who is responsible for repairs and what needs to be completed before the sale is finalized. Ways in which you can work this out with a seller is for them to make the repairs at their cost or negotiate a lower sales price of the home.

Number six is the appliances. Large appliances are usually included in this negotiation tactic. Make sure to ask what appliances the seller is willing to include in the sale of the home. A buyer should always know exactly what they are purchasing. It can work to both advantages. A seller might be willing to negotiate the washer and dryer into the sale or the buyer might want to make sure the seller does not leave a certain large appliance behind.

Seven is the taxes. When a property changes hands, many states require transfer taxes and fees. The buyer or seller can pay these fees. Before a real estate contract goes through, it should be decided who will pay the cost. In a seller’s market, the buyer usually pays the taxes and in a buyer’s market the buyer insists that the seller pays the taxes. A great way to get a leg up on the competition is to offer to pay the taxes as the buyer.

Last is the furniture. Usually the seller takes all the furniture when they sell their home. If a buyer loves the decor or a piece of furniture they can negotiate it into the sale of the home.
When negotiating on the purchase of a home it is always wise to use a Realtor. A real estate agent always has great bargaining skills and can get you the best deal on a home.

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