When it’s cold and rainy outside, Saturdays are better spent indoors – snuggled on the couch with a steamy latte and the footy on TV, right?
Wrong! In fact, studies show that cold, wet, wintery days are the ideal time for serious house buyers to find their perfect home at a good price.
See why you should get off the couch, pop on your beanie and head out to a few open inspections this weekend:
- According to a study undertaken by the University of South Australia, property prices drop by approximately 1 per cent on average during the winter months in comparison to other seasons.
- Real estate prices are influenced by supply and demand. In winter, these is less demand so you’re more likely to buy at a better price.
- As the market isn’t as busy, the transactional side of home-buying can move a little quicker during the colder months when there are fewer home sales being processed.
- With everyone else tucked up indoors with their lattes and footy on the box, there is less competition for a home you love!
- If someone is selling in mid winter, they may be a highly motivated seller which gives you more purchase power.
- You are able to see any potential problems with drainage, gutters and downpipes during heavy rain.
- You’ll look more closely at the home’s heating systems and energy efficiency in winter than in spring or autumn.
Of course our buyer advocates are able to help you find off market homes to inspect during winter as well, so be sure to give us a call!
Chat to us about how a property advocate can help you sell or buy in the current market with confidence. Investment buyers can receive invaluable support and guidance through our Buyers Advocacy Service, and for landlords who are selling, our Vendor Advocacy Service helps vendors achieve outstanding results.
To book a free 20-minute consultation, simply click here and choose a time convenient to you.
