If you’re ready to buy a home, there’s no need to wait for the spring market! Despite the cold weather, buying in the winter has many advantages. 

Keep reading for five benefits to buying a home during winter!

Take Advantage of Low Mortgage Rates

In 2020, we’ve seen the headline multiple times: Historic Low Mortgage Rates!

As far as financing goes, buyers have an incredible opportunity to lock in a low mortgage rate, with Quarter 4 rates below 3% for many buyers. While experts predict rates will stay low in 2021, they are expected to gradually climb as the year progresses. If you are ready to buy and want the lowest rate possible, now is the time to start your search. 

Less Buyer Competition

Spring is known to be the busiest time in real estate. As more sellers list their homes for sale, more buyers begin their search. While there has been a great deal of activity this fall in Hoboken and Jersey City, this is expected to slow a bit through the holiday season. With fewer buyers searching for a home in the early weeks of winter, there is less competition, making your offer more likely to stand out. 

Motivated Sellers are Ready to Move

Sellers who list their home for sale in the winter generally have a reason for doing so. Whether it’s a relocation for a new job or to be closer to family, winter sellers are motivated. When met with a serious offer from a buyer, sellers are willing to make the deal work so they can move on. 

See how the Property deals with Winter Weather

New Jersey winters are cold and snowy! When you visit a property during the coldest months of the year, you are able to look at how the property holds up to winter elements. Look at how the HVAC system runs, check for signs of leaks, and feel for drafts. These are also things your home inspector will be looking for, so don’t worry about missing warning signs! Knowing your home is equipped to properly handle cold conditions will give you peace of mind when moving in the winter. 

Hiring Movers is Easier

Moving day can also be easier to coordinate during the winter. Movers generally have more flexibility with their schedules, as it’s their slow season. This makes booking your move from your old home to your new home much more manageable!

Are you ready to begin your home search?