Does cooler weather mean that you should cool down your house hunt? Absolutely not! Sellers who have homes listed during the colder months are usually motivated to sell and list prices are typically lower in December…but wait…there’s more!
Traditionally, housing markets cool down at year end, but this Business Insider post suggests taking advantage of four factors that could work in your favour. First, borrowing rates are exceedingly low and that means you save a bundle. In addition, the seasonal slowdown means fewer buyers submitting competing bids for choice properties which could put you in a strong negotiating position. There are also the tax benefits of home ownership and inexpensive low down payment options to consider.