Why Winter could be the Best Time to Buy Jersey Shore Real Estate
by Shawn Clayton
on Wednesday, November 25th, 2015 at 10:58am.
The warm spring and summer months are far behind us and local Jersey Shore home owners are now awaiting the cool embrace of winter. With the colder weather, also comes a dramatic slow-down in the real estate market. Home buyers traditionally look for and purchase new homes during the warm months of Summer, but what about Winter?
No one really wants to trudge through snow in boots when looking for a home. Homes tend to look better when the sun is shining and the grass is greenest, but there are several definite advantages to buying a home in the slow Fall and Winter months, here are just a few of the top benefits.
A Slower Real Estate Market
The fact that most home buyers prefer to buy in the summer can be a definite advantage to you. Although the pool of available homes will undoubtedly be smaller, the lack of competition turns the market into a buyer's market. Home buyer's can often succeed with a lower asking price in winter than they'd ever be able to get away with in the summer. Plus, any REALTOR® you hire will be able to give you his or her undivided attention, given the slower business at this time of year.
The remaining available homes on the market are also probably left overs from those that didn't sell in the summertime. This situation leads to motivated sellers, much more eager to unload their property than in the summertime, before the harshest weather of the season hits. This motivation can lead to even further savings for the savvy home buyer.
Gain a Full Picture of the Property
Instant positive curb appeal is a cinch in the summertime. Everything is dry, the home is already warm, and the blue skies, green grass and sunny weather is enough to make any property look its best. The winter is another story altogether. Not always a pristine white, winter wonderland, the colder winter months often bring with them the damp, cold, grey weather and, far from white, dark soggy snow.
The winter allows you to gain a full picture of how a property will perform. It allows you to fully assess how the home can handle more extreme weather and more importantly what the community is like. How well do the neighbors and city take care of the snowy streets and sidewalks? How cozy and warm is the interior of the home while the weather outside is dreadful? Is this a home you can picture yourself living in year-round?
Are You Considering Buying Rental Property?
Are you looking for a Jersey Shore rental property to rent out to vacationers in the summertime? Buying a home now will give you enough time to prepare the home for the 2016 summer rental season. Most rentals get booked up by February and early March. You'll have enough time to furnish the home and complete any small repairs that may need to be made before the home is in top rental shape.