four great Reasons to buy a home this winter
If finding a new home is one of your goals for the new year, there are a few reasons you may want to consider acting sooner rather than later! Read on to find out four reasons why the next couple of months might be the time to make your next move.
01 | Cost Advantage
One of the biggest considerations, especially for buyers, is cost. Winter months are historically the cheapest months to buy a home, with less people (competition) shopping for homes. While inventory can also be lower in winter, if you keep an open mind about what you are looking for in a home, and utilize a great broker who will help diligently hunt for a home on your behalf, the odds of finding a great real estate deal are in your favor.
02 | Interest Rates
With interest rates going down both in 2023 during the winter months and again this year, the last months of winter can be a more financially advantageous time to buy. Over the lifetime of a loan a lower interest rate can mean lower monthly payments, and thousands (or hundreds of thousands) of dollars in savings.
03 | Settle In Before Summer
In addition to financial benefits, there are certain lifestyle benefits to moving in winter as well. Buying this winter means getting moved in and settled into your new home during the winter and spring, so you’re ready to kick back and enjoy the new digs in Seattle’s nicest seasons. If you enjoy outdoor recreation and want a more laid back summer and fall, consider getting a head start on your home purchasing process.
04 | Build Equity Now
Lastly, buying sooner rather than delaying the purchase means that many more months of building equity in YOUR new home.