The warm months might be the best time to buy a house as you can comfortably trudge door to door, but you should try buying a house in winter.

If you missed an opportunity during spring and summer, you should try buy a home during winter. Fewer houses might be on sale, but you will still find a home you like during the winter season. These 6 winter house-buying perks might help motivate you to consider buying your house in the cold months.

1. There is Less Competition

Most people would not want to move from one house to another during the chilly weather; thus the competition is low. This might be sad news for the seller, but buyers can rejoice during this time of year as there is little competition. You can be selective during the winter as the supply is more than the demand. There will be more houses in the market than the buyers who are willing to buy them; thus, the chances to buy a home during the chilly weather are higher.

2. The Sellers Are Motivated

In most cases, sellers who list their homes during the winter tend to be more motivated to sell their house, unlike those who list them during the summer. The sellers who list homes in summer might want to test the markets as they know the demand is higher, but those who sell in winter need to close the deal immediately.

3. You Can Evaluate the Home during the Worst Weather

The winter can expose many things about a structure, and you might not evaluate the house properly during the summer. Thus you will know about draft issues, weak insulation, and test the house heating system.

4. Hiring Movers Is Easier

Movers don’t have so much work in the winter months, as most people do not move a lot simply because it is not as easy to move in the snow. Therefore, you will get the best service during the winter as they are not booked solid like in spring. And because they are not as busy, and you might negotiate a lower moving price due to the little competition.

5. You Can Enjoy Tax Savings

You can get potential tax deductions when you move during winter. Although local tax laws differ from one state to another, you can deduct mortgage interest, taxes, and points. However, you should talk with an expert before getting too excited about the tax deductions.

6. The Homes Close Faster

The home buying process does not work as quickly in summer, and this might be challenging if you plan the closing around the lender’s schedule. However, you may find that the wait time is shorter during the winter, and you can close the deal quickly.

Final Thoughts

Most people would buy houses in summer when they can easily move from door to door due to the favorable weather. Unfortunately, the competition is high, and sellers don’t close the deal quickly. Thus, consider buying your house during winter months when you can inspect it for issues such as insulation. Moreover, there will be more houses on the market than the number of buyers, and you can enjoy last-minute tax savings.

If you are looking for a new home in the Ruidoso area, we hope you consider Southern New Mexico Realty. We will ensure that you have the most competent real estate team available, even in the winter! Contact us today!

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This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.