Asheville’s real estate frenzy typically cools during the winter – and that makes it an ideal season for locals to buy a home. What are the benefits of a wintertime real estate search? Read on to find out.
Less Competition for Home Buying in Asheville
While Asheville gets plenty of visitors in the winter months, the cold can still curtail tourism. That means the Asheville real-estate market experiences a brief respite from the competitive pressure generated by tourists looking for homes in the area. Without the influx of out-of-town interest, local buyers have less competition. Add to that the traditional thinking that it’s better to shop for a home in the spring, and you have the ideal buyer’s market, minus the masses. As an added bonus, since there’s less competition, you’re less likely to encounter a stressful multiple-bid situation when you find the home of your dreams.
More Motivated Sellers
During the winter months, holidays, social events and travel take top priority, so it stands to reason that sellers who choose this busy time to list their homes are doing so because they need to move for a reason – whether a job transfer, family emergency, or other urgent need. With a motivated seller, the process of purchasing a home becomes more streamlined, and negotiations can be expedited, all to the benefit of the buyer.
Prices Are Lower, and Deals Abound
Inventory in the winter is typically low, but the number of buyers usually is even lower. With supply exceeding demand, sellers must often take aggressive measures to attract buyers. This means the obvious: lower home prices. But it also means buyers have the upper hand in negotiating things like closing costs and timing, which appliances and other items are included in the purchase, and even terms of sale.
While there are fewer listings in the winter, there are still plenty of homes to choose from in the Asheville area. At Mosaic Community Lifestyle Realty, our experienced agents can help you find the perfect home, typically at no cost to you.
So if you’re ready to buy a home in Asheville, contact Mike Figura at Mike@MyMosaicRealty.com or call him anytime at (828) 337-8190, or get in touch with any of Mosaic’s selling agents at firstname.lastname@example.org.
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