According to Time Magazine, January is the best month to buy a home. While Prime Real Estate Group certainly thinks any month is a good month, there are some great arguments for why you might want to consider doing your home buying in January. The most obvious reason, of course, is the fact that less people are out house hunting in Spokane’s cold winter. There are other factors that come into play, too, as most real estate agents in Spokane recognize. After the hustle and bustle of the holidays, for example, many people just want to take a break and hunker down for the rest of the winter. The holiday season can also be an expensive time, so many people are less likely to be figuring out how to buy a house. But, these exact “difficulties” are exactly the same reasons that buying a house in January can be great for Spokane homebuyers. After all, sellers will be experiencing the same things. After the expense of the holidays, they’re likely even more ready to sell. Plus, the slower market means there are less people looking at their house and far less offers being made. A house that might spark a bidding war in May could sit on the market with no offers in January. Finally, someone selling a Spokane home in January is likely to be quite motivated to sell. Perhaps they need to relocate or are having a financial crisis. This means they’re more likely to accept an offer than at a time when there is more competition for buyers.
Things to Keep In Mind
- First of all, just because you might be able to get a better deal buying a house in January doesn’t mean the seller is desperate. Coming in with a low-ball offer in hopes that the seller will take anything can come across as offensive and can lose you the home altogether. Your real estate agent will help you determine what is appropriate for the current Spokane real estate market.
- Houses also tend not to show as well this time of year, so homebuyers need to be able to look past things such as muddy floors or dead landscaping. Spokane winters are dark and cold, so be willing to turn on some lights when checking out a house. That way you can really see what it has to offer.
- Buying a home in Spokane can be a fun experience no matter what time of year it is. With a Prime Real Estate agent on your side, you really can find the perfect home, even in January!