If you are thinking about purchasing a house, it is important to know that the time of year really does matter. Some periods are busier when it comes to the estate agent market in the UK. There are periods whereby property prices tend to be higher too. These are all factors you should consider. With that being said, continue reading to discover five things that you need to know when you are buying a house during the winter months.
Work with a professional estate agent
There is only one place to begin, and this is with the importance of working with an experienced and professional real estate agent. An expert will know exactly what the market is like at this time of year in your area, and so they will be best placed to help you find the property of your dreams.
January is a great time to buy
There has been a lot of research that has been conducted that shows that January is historically the best month to purchase a property. This is because home prices tend to be at their lowest national levels. Of course, there are a number of other factors that influence this and it does depend on the part of the UK you are interested in buying a property in. Nevertheless, it is good to know that there are typically great property deals going on at this time of year.
Don’t skip the professional home inspection
There is no denying that properties tend to experience more problems during the winter months. This highlights why it is even more important to get a property inspection. The last thing you want is to buy a house only to discover that the seller was hiding a serious boiler problem that is going to set you back a few thousand pounds.
You will typically have fewer buyers to compete against in winter
Another benefit associated with buying a property in the winter is that you are typically going to have less buyers to compete with. This is because less people start house hunting in winter because this is a period time of the year and they have many other things to contend with. A lot of people do their property shopping in the spring and summer months.
You may have more motivated sellers
Finally, you are probably going to have more motivated sellers during the winter period. This is because the market is slow and sellers will be looking to offload their properties. This is something that you may be able to use in order to make the deal sweeter for you.
As you can see, there is a lot that needs to be considered when you are buying a house during the winter months. We hope that the information that has been presented above has helped you to be more prepared for entering the property market at this time of year.