Home Buying in Santa Ana>Question Details

Kelly Miller, Home Owner in Santa Ana, CA

To buy or not to buy in Winters??

Asked by Kelly Miller, Santa Ana, CA Mon Dec 10, 2012

Do you think deciding to buy or sell your home in winters is a bad decision? Why is it said to wait for the summers or spring season for buying or selling? What do you think on this? Please add your points of view.

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14
Kelly Miller’s answer
It's easier to look for a house in the summer since they look better with green grass and no snow. But if you are thinking of buying a house in winter, the advantage is you will get less competition in the market, leads to easy processing of loan.
0 votes Thank Flag Link Thu Jan 17, 2013
In my opinion, when buying or selling is driven by need, people will list and sell regardless of the climate. The real motivation that surpasses seasonal trends is the product and its appeal.

Just keeping it real!

Bill
0 votes Thank Flag Link Sat Aug 16, 2014
I agree with you Pat and Steve Pribisko, selling in the winter season may make the buyer assume that you are desperate to sell the property even in the winters and that they can get the property at cheaper rates. But otherwise, there is no harm in selling in the winters. On the other hand, if you are a buyer, you can expect a purchase at cheaper rates as well.
0 votes Thank Flag Link Sat Aug 16, 2014
Though, spring and summer are the prime seasons for house hunting but here are some very logical and compelling reasons for going shopping for a house in the winter as well. The most supporting cause is that there are fewer buyers to compete with and as we know - the low demand will work in your favor. The second most obvious cause is prices will be lower than during the hot season. Because of the lower activity in the winter, it will result in sellers being far more motivated to sell.
0 votes Thank Flag Link Thu Jan 30, 2014
Selling in the winter, you will have less competition, but Buyers may think you are very motivated. Buying in the winter, you may be able to negotiate a good/better deal, because the Sellers may be more motivated.
0 votes Thank Flag Link Sun Jan 26, 2014
Buying in winters is nothing that's considered to be a bad decision. Although summers are the best time to seal the deal. Buyers generally plan to get house for Christmas or new year which could be a good fortune for them. So keep your options open to such offers.
0 votes Thank Flag Link Tue Jan 21, 2014
It all depends on what part of California of course and also the type of market. The present market has such low inventory and record low interest rates that the time to buy is as soon as you can get into escrow. The winters are good luck for me always because I work thru them and have sold 18 homes in the few months of November, December many years ago. Usually there are buyers wanting a home for Christmas and there are less Agents/Brokers who will work and then there is less competition then with buyers as well. Home prices are on the rise so the longer you wait, the more equity you will realize. But, on the other side of the coin, If your intending on buying another home then those home prices are on the rise as well. Ultimately, it falls on what your wants and needs are?

Home prices are going to be 5-10% higher after Winter so the time to buy is now. Rates have been record low for quite a while now and they will be going up which will also mean you will get less for your money after Winter. SOON and Real Soon, the buyers are going to be coming out of the woodwork in multitudes and it will continue until the market tops out again in about 5-10 years.

http://www.under640ficoscoreloans.com/Pages/Conventional.aspx

http://www.under640ficoscoreloans.com/Pages/ContactSheryl.aspx
Sheryl Arndt, Real Estate Broker – Sr. Loan Officer CA only
REO & Short Sale Specialist
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DRE# 01140252
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0 votes Thank Flag Link Sat Dec 15, 2012
Thank you all for your replies. I think while selling in the winters is a good move but oone should avoid buying in this season if its not that urgent because sellers usually put a high price tag to their property in these seasons.
0 votes Thank Flag Link Fri Dec 14, 2012
This "winter" (2012) is a great time to sell because the market is moving quickly due to low inventory. My advice to sellers is to "do it now!" On the other hand, buyers are having a harder time because many homes are being scooped up by investors or people with cash who can close a transaction quickly. Make sure you are selling/buying for the right personal reasons. Just because a market is moving quickly may not be the right reason for your situation.
0 votes Thank Flag Link Mon Dec 10, 2012
HI Kelly,

Buying or selling in the winter is not a bad decision. If you are renting and want to buy in the same school district area then anytime is good. If you are concerned with taking your child out of school in the middle of the school year then spring to summer maybe better for you and your family. You would have to ask the school district if you were to buy a place outside the school district if your child can continue school there until they graduate.or the end of the school year. There are families that do this.. Waiting for summer or spring is when most people put there home on the market after the holidays and around tax time. This is also a time when there are other buyers looking for the same type of home too. During the holidays people may not want to buy or sell as they are shopping, getting the house ready for Christmas, visiting family and friends and of course the Parties to go to for work and friends to see.. Everyone is different on what they want for their family.
If you would like to talk about it and we can see what is good for you.and what is on the market that may help you decide as well call or email me.. Take Care and hope to talk to you soon

Ingrid Ski Realtor
949-874-0432
OCAreaHomes@gmail.com
0 votes Thank Flag Link Mon Dec 10, 2012
Hi Kelly,

All of the points on here are valid ones. One more that I would add is that a lot of people dont want to sell their homes during the school year, during spring and summer kids are out of school and it makes the transition to a new home easier. During winter school is in session and many parents do not like to disrupt their child's schooling. If you do not have children, or your children are too young to be in school at the moment then moving during winter is fine. There might be less inventory for you to choose from but there are still homes being sold. Hope this info helps shed light on your situation. Happy Hunting!! let me know if I can help further.

Lara Gabriele
Realty One
949 939 4876
0 votes Thank Flag Link Mon Dec 10, 2012
Hi Kelly,

As Colton said, the market tends to pick up during the Spring and Summer season. However, in today's market, selling in the Winter can be a good strategic move. With more buyers on the market than there are homes, you can take advantage of having less competition. Once Spring and Summer comes you might have several more homes in the neighborhood competing for the buyers' attention.

If you're interested in a free, no obligation home value consultation, please get in touch. I'd be happy to help.

Joe Van Fossen
Keller Williams Realty
(714)584-7154
joe.vanfossen@gmail.com
0 votes Thank Flag Link Mon Dec 10, 2012
Kelly,

I think if a person lives in the middle of snow country then listing during the winter months might not be a wise idea, however here in southern California where winter is not a heck of a lot different than the other seasons of the year it really doesn't change much. In a normal market there are usually fewer buyers to buy your home but anyone looking during the holiday's is a very serious buyers.
In this market which is anything but normal I would say it is a great time to list and sell a home and a great time to buy before the real summer rush. Prices are going up and interest rates are still very low so buy and sell NOW.

If you are looking for an agent to work with I would be happy to talk further to see how I can assist you.

Lori Hanson
OC Homes Realty
DRE 01405146
714-585-5236 Cell
0 votes Thank Flag Link Mon Dec 10, 2012
I do not think it is a bad idea to sell in the winter. A lot of people like selling in the spring or summer because usually the market is better during those times. But you can get just as good of results during the winter if you price your house right and advertise it.
0 votes Thank Flag Link Mon Dec 10, 2012
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