Top 5 Home Buyer Mistakes in the Winter

Buying a home in any season is no easy task. It is a long-term commitment that takes a lot of time and thought. It can be even more challenging during the winter months due to weather conditions, winter activities, and social events. Here are some common mistakes that eager homebuyers make during the winter.

Holiday Debt

Holiday debt is a reality for most people. We all get caught up in the spirit of giving and can easily not think about the impact that our credit may take during the holiday season. Remember that if you are already pre-approved for a home loan, you do not want to do anything to mess that up. One way is to add additional debt.

Not Exploring Your Options

The real estate market requires you to shop around. Although the market is a bit slower in the winter months, it is still time to shop around and not make an impulsive purchase. Even if you know what type of home you like, look around the market and make sure the house meets your criteria. You might find a home with features that you didn't know you needed or loved.

Skipping a Professional Home Inspection

The real estate market has been crazy busy over the past two years and some buyers are choosing to skip out on having a professional home inspection. It is important that you do not skip on the home inspection. This will allow you to understand any problems that your home may have! This should not delay your closing, but if it does it should not be more than a few days to a couple of weeks at most. Just remember this is for your peace of mind and for your understanding of any potential problems that may arise sooner rather than later.

Lack of Flexibility

Flexibility is key when looking for a home. During the winter months, there are weather conditions that may arise that delay a showing, sickness that can occur that can cause delays, and other social events that can cause delays from all parties. It is key to understand the unique season that is winter and have flexibility.

Low-balling Your Offer

Yes, the market does slow down traditionally during the winter months; however, we are still seeing that the market does not have as much inventory as it once did. Do not present a low-ball offer to the seller just because you think they have to sell. This may not be the case. Speak with your agent and come up with a fair and firm offer that you are comfortable with presenting.

Purchasing a home is a huge step no matter when it occurs. You should really hire a buyer's agent to work with you in finding your dream home. They can help you navigate the market, negotiate with the seller on pricing, repairs, and other items, and can provide you with the knowledge that will last a long time. Lastly, you build a relationship with a person who networks with a variety of home experts that can help you in the future if needed. If you are thinking about purchasing a home this winter, call me. Let's talk about your wants and needs and how we can partner to get you that new home this winter.