Buying or Selling a Home in Winter: What you Should Know

The winter months can be a great time to buy or sell a home — as long as you plan accordingly. The holidays have passed, people are beginning to go back to work after the long holiday break, and more properties will be available for sale than any other month of the year. But, it's not all a walk in the park. If you're looking to buy or sell your home this winter, it's important to know what you'll be up against and how best to prepare for the season. 

Market Prices

Winter is considered a generally good time to buy a home because there are more residences on the market that are less expensive. This may be due to snowfall, ice storms, harsh winds, etc., which can lead to houses having issues during the winter months.

However, when selling your home this season, it's important that you have it inspected for any problems so that buyers know vulnerable parts of the house. Winter could lead to issues such as roof damage, frozen pipes, or water damage. A proper inspection will be in order before you consider selling your home. 

Less Competition

You'll find that it's easier to make offers on homes with less competition because many buyers are looking at summer abodes right now. Plus, there is often more interest from sellers during this time because they want their property sold before the snow starts to get worse. 

Seasonal Difficulties

You'll want to consider any potential changes in your commute if you're looking at properties out of town because the snow may cause it to be more difficult than usual. And if you're selling, you might also need additional time to prepare your home for viewings or will need to keep an eye on the weather to ensure potential buyers can come and go with ease.

Not only that, but the market is generally slower during the winter months. Both buyers and sellers need to be made aware that with the weather being colder, there are fewer people out looking at homes. 

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Here at  P.T.R.C., Inc., we are determined to help our clients pay the lowest amount of Long Island real estate taxes as required by law. Contact us today to see how we can help you: info@ptrc.com

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