Although the weather outside may be frightful, the winter season provides an opportune time for serious buyers and dedicated sellers to find a new home, according to the New Jersey Association of REALTORS® (NJAR®).
For buyers who decide to continue their home search over the winter season, there is less competition, which can provide many benefits. Lenders, home appraisers and inspectors are typically less busy and more likely to give greater personal attention to the smaller pool of buyers in the colder winter months. This could decrease response delays to get you into your new home much sooner than when purchasing during the warmer seasons.
Actively looking in the winter also gives buyers the chance to examine a home more thoroughly to determine if windows or doors need to be replaced or resealed or if a home requires more heating due to drafts, leaks or cracks. However, it is important to consider the warranties and not to overlook the conditions of out-of-season features such as pools and sprinkler systems.
“With fewer people searching for homes at the start of the winter and the combination of affordable home prices and record-low interest rates, the iron is hot to land the deal of a lifetime on the home of your dreams, if your financial situation permits,” said NJAR® 2011 President Allan “Dutch” Dechert.
Sellers can also benefit by remaining active during the winter season, since the pool of buyers tends to be more committed. This may be due to personal circumstances such as a new job or starting children in a new school after winter break.
There is an ample supply of available homes for sale in the current market. NJAR® urges those interested to contact a REALTOR® today to find out if the gift of a new home awaits them.
You can also visit www.REALstoryNJ.com
a public education campaign that encourages consumers to take a closer look at local market conditions, state or regional economic factors, and their own personal circumstances when making a decision about buying or selling property in today’s market. The campaign encourages consumers to Get the REAL Story® on real estate in New Jersey by visiting www.REALstoryNJ.com
and working with a professional REALTOR®. Article courtesy of The New Jersey Association of REALTORS® a non-profit organization serving the professional needs of approximately 48,000 REALTOR® and REALTOR-ASSOCIATE® members in the state. REALTOR® is a registered collective membership mark which may be used only by real estate professionals who subscribe to the REALTOR® organization’s strict Code of Ethics and are members of the national, state and local REALTOR® organizations. For more information, please visit www.njar.com.