In the state of New Hampshire, or in any of the northern most New England States for that matter, winters can be rough. Most seasoned New Englanders know to hunker down and not come out until the first Robin Red Breast shows his pretty face. That, coupled with a few other factors that I will discuss in this article, is one of the main reasons that selling a home in New Hampshire is best done in the warm months between mid-April and late-October. But what about buying a home? Well, Doc has a word of advice for you that will put you on the fast track to home-ownership.
But first let’s look at all of the factors involved in what makes home sales so much better in the warmer months. First of all you have harsh winters. Nobody but nobody wants to schlep through 8′ snow banks in sub-artic conditions just to enter an unheated and vacant home to see if they want to buy it or not. Nothing about an unheated and vacant home surrounded by snow banks is very appealing nor does it speak to a buyer. A warm home, full of bright sunlight and surrounded by lush green grass will speak volumes to a buyer. Another factor, and this is a big one as well, is that most families, who need to relocate, want to find a house, finance it and move in before school starts back up in the fall. This makes transitioning the kids a much easier process then having to transition them into a classroom full of seasoned students. Yet another factor are the holidays. More holidays fall into the October-April time frame then any other time period. Worse yet is if you have a multi-religion family. That would mean double the holiday parties and services to attend. Who has time to hunt for a new home when you are trying to attend Christmas Eve Services, Hanukah parties and New Year’s Eve parties? There is enough stress at the holidays without adding house hunting to the mix!! And that leads me to my final reason why home sales are so much better in the warmer months. That would be money. Winter has its expensive holidays, snow removal and heating problems that suck people’s pockets dry. Unless you are a diligent saver, who has the money during the winter anyhow? So, obviously, if you are selling your home you will want to put it onto the market at the beginning of April. This will put you into the running for multiple offers and lead to one great sale.
Now, for the buyers. What have you learned from the paragraph above? If you were paying close attention you will notice that there are obviously very few buyers out and about during the winter months. By ignoring all the inconveniences of winter purchases you can become one of the very few buyers available to sellers during the winter months. This will put you into a powerful position in the real estate game. Sellers forced to sell during the winter months will start getting very desperate around January. Winter will still be piling up outside their door while the buyers are still no where to be seen. Find the perfect house and the seller will most likely strike a very reasonable deal with you out of sheer desperation. Just remember that there could be hidden problems. God only knows what is lurking under those 8′ snow banks or under that snowdrift up on the roof. So check the inside, in the basement and in the attic for leaks, cracks and/or any other obvious structural issues caused by the weather. Then have a professional home inspector come in and do a double check. Just make sure to make the sale contingent on the property passing inspection. That way you can safely run should the inspector find any major problems.
As usual, if you have any questions on how to buy, sell or fix up your property feel free to drop Doc a line. If I don’t know the answer my team of building experts certainly will. And good luck in all of your real estate endeavors.