It’s commonly thought that spring is the best time to buy or sell in real estate. But is it actually true? While spring is certainly the busiest season in the market, it doesn’t necessarily mean it’s the best. It really depends on what you’re looking for, and for most people, they’re looking for a smooth transition into the home of their dreams. If that’s the case for you (and we’re sure it is!), here are four reasons why you should start house hunting in the winter.
Avoiding Window Shoppers
There are several reasons why now is the right time to sell your Calgary home - and winter is one of them!
While window-shopping is generally quite fun, it can be a little frustrating when you're on the receiving end. When it comes to real estate, markets tend to heat up in the spring and stay that way through the summer. But a hot real estate market doesn’t mean all inquiries are of a high quality. If you want to be more realistic about it, it means there’s simply a larger quantity of shoppers poking about. While there may be a lot of activity, you will likely find the quality of potential buyers is higher in the winter months, as the market cools. So why is that?
Practicality Versus Necessity
It all comes down to practicality and necessity. There is generally less urgency among potential homebuyers in the springtime. Consider a few different factors. For starters, spring, and even more so summer, are optimal seasons to buy and sell for reasons of practicality more than anything else. The weather is nicer, school seasons are winding down, holidays are around the corner. Simply put, it’s a more convenient time to move. However, there’s not a lot of pressure to actually pull the trigger.
In the winter, on the other hand, homebuyers are generally pushed less by practicality than they are by necessity. Things like job transfers, family matters, family care and so on, often push people to move. And, let’s not forget the weather - you’re not likely to go house hunting in winter unless you’re serious! Most of these circumstances leave little room for flexibility as well. So while there is more activity in the warmer seasons, if you’re looking to sell quickly, winter may actually be a better time to engage serious homebuyers.
New Home Savings
Regardless of whether you're planning to buy new or something already under construction, there are advantages to selling in the winter months.
First and foremost, there is often an increase in availability of new homes in winter. Many homebuyers wrap up their transition somewhere between spring and fall, but builders keep going year round, both out of necessity and in preparation for the spring. With an increased inventory of new homes, builders often have promotions in the winter months. This not only helps builders to forecast sales, but it offers an opportunity for potential homebuyers to save on both new builds and quick possession homes alike.
Organizing For The Future
Purchasing in the winter months is also advantageous when time is on your side. If you have a flexible move-in date, or you’re purchasing a pre-construction home with the intent of personalizing along the way, purchasing in the winter can help with preparing and organizing for the transition into your new home. New builds often take a number of months before they are move-in ready. Purchasing in the winter can set you, the new homebuyer, up perfectly for a late spring or early summer move-in date. Best of all, you aren’t competing with other homebuyers for your property, and you’ve been able to move on your own timeline.
When it comes to purchasing in the winter there are a lot of perks, especially if you’re looking to sell your current home fast. Contrary to popular belief, builders are actually able to progress without delay through the winter months. It gives prospective homebuyers time to plan their move-in and to pick and choose their future home. But what’s even more comforting is winter is the season of serious homebuyers. So while finding your new home is exciting, it becomes that much more when you can sell your old one. So start looking now, because winter is here.