Living in Lincoln Park Blog

“Wait . . . did you say the winter home buying season?”

We sure did. Many home buyers like to wait until the trees are budding and the flowers are blooming to start shopping for a new home. But the best time to shop is when the “stores” are stocked and there are fewer customers…welcome to the winter home buying season!

5 Great reasons to pull on your boots and start shopping.

1. TIME. The winter market moves a little slower (less buyers) which leaves you more time to consider multiple listings simultaneously without having to make instant decisions. Great time to avoid bidding wars.

2. PRICE REDUCTIONS. Motivated sellers want to sell their homes before the spring market gets moving and buries their listing within thousands of others. They will offer lower prices and sometimes even buy down your mortgage rate to make their listing more appealing.

3. PERKS. If you’re considering a purchase this winter, know that many developers are looking to move as many units as possible – giving you individual purchasing power through the negotiation of extra discounts or “perks” such as paint, crown molding or even a free plasma TV.

4. LESS STRESS. Have you ever tried to get a moving truck for the first weekend in April? Nearly impossible. But if you find a new home in the winter, moving is a breeze. Moving and utility companies aren’t very busy in the winter and can work around your schedule.

5. BEST DEAL. Get in before the prices go up in the spring while taking advantage of current low rates. This will help you get the more house for less money.

BONUS! Clients interested in purchasing second homes or investment properties should know that purchase prices are typically less in the winter months – and contracting and servicing agencies are more readily available for immediate home improvements that may be necessary.

This article compliments of Mary Markis, Senior Loan Officer, Perl Mortgage, 312.651.5357, mmarkis@perlmortgage.com