Off-Season Real Estate Shopping is Smart
Winter is almost here in Lake Travis and believe it or not, that means it’s time to shop for real estate. That’s right; spring and summer are not the best times to buy a home in Lake Travis. Doing anything during the off-season can sometimes surprise you, showing you the best of something without the crowds and the popularity surrounding it.
The same goes for buying a home in Lake Travis. While everyone else is cuddling up by the fireplace this winter, this is the perfect time to snatch up a dream home that has hit the market. Take a look at what off-season real estate shopping can be like in Lake Travis and why it’s a smart move.
You’ll save money
One of the biggest perks of buying in the off-season is that you’re going to save a few bucks. There are fewer buyers and it’s the less appealing time to shop, which means prices are going to have to reflect that. You aren’t going to have sellers asking huge amounts during the winter like they would the rest of the year, which means that you’ll benefit from shopping during this chilly season.
Between the unpredictable and often ugly weather to the busy holiday season obligations, many people are waiting to sell until spring, except for those that are eager to close.
If you can ignore the inconveniences of the off-season, you can benefit from a great deal and an easier close. While you might drive in the snow to view a property or see a home for the first time with a gray sky in the back , looking past these things can get you the home of your dreams for a great deal.
You may be the only active buyer on a snowy day and the low competition will make it even easier for a seller to see that you are the right deal to accept. You’ll just have to look past a snowy roof, the poor lighting, and the dead grass while envisioning what could be this spring.
You’ll be more likely to get the house
As mentioned, the competition is down and sellers are ready to close. This means that negotiations this time of year are going to look much different than they would in the spring or summer. There aren’t many buyers during the snowy season of Lake Travis, which means low competition and easier negotiations. Sellers are motivated if they are choosing to sell in the winter, which means they will be open to your offer and will lighten up on contingencies.
If you have contingencies of your own, you are also more likely to get them fulfilled in the winter. If you want an A/C repaired or a basement finished, you’ll find it much easier to get this in negotiations since you have more bargaining power during the low competition season. Lenders will likely be able to speed things along since they are dealing with fewer buyer’s right now too.
If you don’t mind a lower inventory and the priority is to score a great deal while getting what you want in negotiations, the winter is going to be the perfect time to buy. These are a few of the reasons you should be shopping for real estate in Lake Travis this winter!