Benefits of Buying a Home in the Winter

When you think about shopping this time of year, it’s usually not for a new house, but winter can actually be the perfect time to find real estate deals in Lake George NY and throughout the Southern Adirondacks. Whether you’re looking for a second home or your forever home, here are a few benefits of buying a home on Lake George in the colder months.

Lower Prices

With home sale prices typically at their lowest in January and February, winter is a great time to search for your dream home on Lake George. It’s really all about supply and demand. Homes are typically cheaper in the winter than they are in the summer because there are fewer house hunters and decreased demand. In fact, a recent study shows that homes sell for $3,100 less than average in December.

Less Competition

While there may be fewer homes on the market during the winter months, there are also far fewer buyers, which can absolutely work in your favor. If you find a home on Lake George or Bolton Landing that you like, chances are, you will be one of only a few interested buyers. The benefit of no competition means no bidding wars, and a strong possibility that we will be able to negotiate a favorable price. Winter gives buyers the upper hand.

Motivated Sellers

Homeowners prefer to sell in the spring and summer. After all, sellers know people are more likely to attend open houses when the weather is nice, and we all know our yards look better without all the snow. So if a house is listed for sale in the winter, it could mean the homeowner is eager to unload it. Perhaps a job relocation or divorce has prompted a quick move, or maybe the seller has already moved and is carrying two mortgages. All of which translates to more leverage and negotiating power for you.

More Personal Attention

Everyone who works in the Lake George real estate industry has a little more time on their hands this time of year, which means more personalized attention for you! Home inspectors have open calendars, lenders have more time to process paperwork, and, as your real estate agent, I am able to dedicate more resources to your search for a Lake George home. In fact, closings are often faster during the winter than during the peak seasons of spring and summer.

Ready to Start Winter House Hunting on Lake George?

If a new home is on your holiday wish list, please give me a call at (518) 321-1870. I have several move-in ready homes for sale in Lake George, Bolton Landing and the surrounding Southern Adirondacks, and I’m committed to helping you find the perfect place for the best price. So bundle up, and let’s get out there and house hunt!