While popular opinion dictates that spring and summer are the hottest markets for real estate, a savvy buyer might think again and wait until the off season to score the best deals.
Despite the obvious downsides to a winter house hunt, including lower inventory, weather related hassles, and the extra time it takes to unlace your boots at every open house, other factors make winter a prime buyer’s market.
1. Less Competition
Zillow research suggests that late spring is the best time for home sellers to list to get top dollar for their home, which means that winter could be the best time for buyers looking for a good deal. During spring and summer months, homebuyers often get outbid by more aggressive offers, especially in a seller’s market.