These days many people normally shy away from buying real estate in the winter, but there are actually some benefits to buying a home during the winter. So if you’re looking to purchase Edmonton real estate, or more specific areas like real estate in downtown Edmonton, and real estate in South East Edmonton, here are a few reasons why you should consider it.
A lot of articles out there, and even some realtors will tell you that you should buy in the spring and summer, meaning less people will be on the market looking for a house. Because of this there is lower demand which in turn could be good for you, as there will be better deals available.
Prices of real estate in South West Edmonton will be much lower than during the peak season, as there is fewer demand on the market.
Sellers are more motivated
Because there are less people looking to buy Edmonton real estate, sellers will be more motivated to sell their home. This time of year sellers are more willing to negotiate on selling price, closing costs, etc. This is why most Edmonton real estate seller agents recommend selling during the spring and summer. But if you’re reading this a seller, there are also some things you can do that will help sell your home during the winter, and you can read about them here.
Fewer multiple offers
Another reason why the winter is great for buying real estate in Downtown Edmonton is the fewer number of people on the market looking to buy, which the number of multiple offers on a house you are interested in will be lower. This in turn gives buyers the upper hand over sellers.
In conclusion, buying a home in the winter is generally avoided by most people and real estate agents, but there are some benefits to it. If you’re looking to buy Edmonton real estate this winter, contact us at RE/MAX Elite. We have over 100 agents in our office that are experienced in buying real estate, and we would be happy to help you find your dream home.