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Buying a Mono Home in Winter
Buying a Mono home in winter. It is a bit of an obvious statement, but winter happens to be the chilliest season. Bundle up in your warmest coat and gloves, grab your boots…and real estate agent? If you are thinking about buying a house this winter, here are five reasons why it may be the perfect time for you!
1. Less competition
There are fewer people looking to buy real estate at this time of year. With sellers feeling more motivated to get their homes sold before Christmas, there are still some great deals out there that buyers can scoop up right now.
2. You could save more money on real estate fees.
When selling real estate in Ontario, realtors’ commission rates tend to fluctuate throughout the year. During the winter real estate market, realtors’ commissions are often lower. This means that you could end up saving even more money when buying real estate in the winter season.
3. You’ll get a better-quality home.
To nobody’s surprise, real estate listings sell for less in the winter months. There are numerous reasons why this is the case; realtors may not put as much effort into selling during these cold months, homes tend to stay on sale longer…etc. But the most common reason is simply that there aren’t many people looking to buy real estate in January or February! So, if you are willing to wait until spring comes around and do some renovations and repairs before putting your house on the market, you are likely going to come out with a better-quality real estate listing.
4. You could get it cheaper!
As mentioned above, realtors tend to negotiate less when selling real estate in the wintertime because their commissions are lower. Since the realtor’s commission is paid when you buy real estate, this means that you can request a better price from your seller when buying real estate.
5. It might be snowing right now, but it will probably be nice in July.
Of course, there is nothing wrong with buying real estate at any time of year. If you don’t mind braving the cold just for a chance at getting a better deal on real estate, go ahead and take advantage of this season’s low prices while they last.
Experienced real estate agents are always happy to answer any questions you may have regarding real estate or buying real estate in Ontario. It’s easy to get information about homes in your area with a quick search! This site will show you what properties are available and where they’re located.