Purchase Market is still Hot!

People normally envision winter as a time for family, sipping on hot chocolate, and spending quality time snuggled up as you watch the snow fall. Many people are too busy with the hustle and bustle of the holiday season to go searching for a home. Those waiting for spring and summer to house hunt don’t realize there are many key benefits of buying a home during the winter months. It’s time to move the hot coco into a travel mug and start the search for your dream home.


The housing market can be a very competitive place. After months of searching a buyer can finally come across the home of their dreams only for it to get swept right out from underneath of them. During off-season real-estate months, the competition dwindles. This means less people are competing and looking at the property you want. Less competition can also put your mind at ease as the rush to find the perfect home before someone else decreases.


A market less saturated with buyers not only decreases the competition, but also increases the chance of receiving a lower price. The seller won’t have as many buyers interested leading to better price negotiations. The concept of supply and demand is proven very true for the housing industry.

1.     Long time on the market. A house may have spent all summer on the market. Homes that have been on the market for several weeks have highly motivated sellers as they’re ready to get their home off the market. They will be much more eager to sell than a person who has had their house on the market for a short time.

2.     Selling for a purpose. Since winter isn’t the typical time to place your home on the market, the seller may be moving out of necessity. The majority of homeowners prefer to sell in either the spring or summer so if they’re selling in the winter there may be a reason. As the buyer you benefit from their need to move within a strict time limit. They will be much more willing to negotiate.

3.     Tax Motivations. If you close on or before December 31 you will receive a tax deduction. You are able to deduct the interest component of your first monthly mortgage payment from your taxable income for that year. You may also be able to deduct any money you pay for points to reduce the interest rate on your loan. Once again, making the seller more motivated.

Quality Time

The views and opinions expressed are my own and do not necessarily represent the official policy or position of Primary Residential Mortgage, Inc

Everyone’s workload normally softens during the winter months; which includes realtors. Trying to buy a home during the busy season means waiting longer for paperwork and response times. If you are completing a transaction during their slow season, all of the focus will be on you.


In theory with a long winter ahead of them, sellers may be more willing to discount their homes in order to sell them. Most buyers don’t consider looking for a home this time of year, but in reality it can save you a lot of money. It’s something to really look at and consider if you know you’re going to be buying a home in the future.