living local in Greater Lansing
What You Need To Know About Buying a Home in the winter
The spring market is often seen as the starting line when it comes to real estate sales in Michigan, but we believe the winter market doesn’t get enough credit, and here are some very important reasons why:
This is especially true for budget-conscious buyers, so don’t put your homebuying plans into hibernation!
Prices tend to be lower
Because there’s typically a dip in buyer activity in winter the demand drops and there tends to be lower prices because of it. Spring brings those buyers back out, sellers get re-energized, optimisticaly pricing their homes at a higher price beginning in March.
Both buyers and sellers typically pull back in the winter, thinking it’s better to wait until spring, so you face less competition and are less likely to get into a multiple offer scenario in the winter. (and sellers are more willing to negotiate!)
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