The off-season typically starts in the fall and ends around late February. Many buyers prefer to move during the warmer months and like to avoid moving during the school year; however, there are many advantages that come with shopping for a home during the off-season. If you don’t mind the weather, moving outside of the peak season might be the right move for you. Take advantage of this time, and check out these 4 tips for buying a home during the off-season.
Less Competition
Since there are fewer homebuyers during this time, that means there are less people to compete with and a better chance for you to secure your dream home.
Negotiations
You’ll notice that home prices tend to be lower, and you may be able to negotiate appliances and have fewer contingencies than if you were buying a home in the spring.
Better Service
Real Estate Agents often get busy in the spring and summer since that’s when many of their clients are looking for homes. If you’re looking for a home in the off-season, your real estate agent may have more time on their hands and will be able to assist you quickly to get you a great deal.
Be Present
Don’t let the rain or snow stop you from going to that open house! You may be less inclined to leave your home during the colder months but showing up is half the battle and getting you one step closer to finding the home of your dreams.
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Save up to $1,000 on your new home purchase loan with your AmeriPurchase+ Benefits.*
Earn additional savings with credits of 0.5% on the new home purchase price when you work with our Real Estate Concierge, NewZip.** For example, if the home purchase price is $425,000, you could be saving $2,125 on your new home!
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*As a member of the AmeriHome family, borrowers are part of the AmeriPurchase+ program and qualify for a $500 off lender fees and up to $500 credit toward out-of-pocket appraisal fees paid for all of your home purchases done with AmeriHome, for any property you own. Credits will be applied only if your loan closes with AmeriHome. This offer can not be combined with any other offers and is not applicable for FHA Streamline, or VA IRRRL Refinance transactions. Other restrictions may apply. Terms and conditions are subject to change. The AmeriPurchase+ program is subject to termination without notice.
**Home buyers who utilize Newzip’s agent matching service will receive the cash reward in the form of credit at closing equal to 0.5% of the home sale price. In the event that the cash reward exceeds the concessions limit the customer will receive the reward in the form of a check within 30 days of their closing date. Home sellers who utilize Newzip’s agent matching service will save 1% in the form of a pre-negotiated agent listing fee. Obtaining a mortgage from AmeriHome is not required to utilize the Newzip cash rewards program. The cash rewards program is available in all 50 states for selling and 42 for buying. The following states do not allow cash rewards for home buyers: Alaska, Iowa, Kansas, Mississippi, Missouri, Oklahoma, Oregon, or Tennessee. Realeaux Inc. (dba Newzip) is a licensed real estate brokerage based in Massachusetts, License #423451.
