Ken Venick

Phone: 443-471-4310

ken@kenvenick.com

Owings Mills & Lutherville Mortgage
  • Home
  • About Me
  • Testimonials
  • Mortgage FAQ
  • Mortgage Blog
  • Videos
  • Contact
  • Mortgage Calculator
  • Apply Now
Owings
  • Home
  • About Me
  • Testimonials
  • Mortgage FAQ
  • Mortgage Blog
  • Videos
  • Contact
  • Mortgage Calculator
  • Apply Now
  • Home
  • Home Purchase
  • Reasons Why Winter is the Best Time to Buy a Home

Reasons Why Winter is the Best Time to Buy a Home

January 1, 2019Leave a Comment Written by Ken

Buy a Home During Winter for These Amazing Advantages

Spring and Summer tend to be the go-to season for house shopping, especially for first time home buyers. Who really wants to trudge from door-to-door looking at houses in weather under 40 degrees?  But, there are distinct advantages to buying a home in the winter.

A typical mortgage loan means you will be paying for your home for up to 30 years. That’s a big commitment and investment. That’s why it’s SO important to be smart when looking to purchase a new home.

Here are the top reasons why winter is this best time of year to buy a home.

Winter House Shopping

Less Competition

Spring and Summer are the seasons in which house hunting is in high demand. So, for first-time home buyers, winter means that there will be much less competition. This means you’ll have a better chance at getting the home you want without dealing with a bidding war.

Seller’s Willing to Make a Deal Sooner

Winter house hunting is great because you will have the upper hand when looking to buy a home. In fact, since the supply is higher than the demand, it’s likely you will be able to negotiate the price with the seller.

Seller’s are eager to sell their home as soon as possible. Why? Because there are less buyers, which means a lot less offers to consider. Because the market isn’t saturated dozens of home buyers bidding for the same house, now’s your opportunity to find your dream home for a fraction of the price it would be worth in the Spring and Summer!

But, that doesn’t mean you should make unreasonable demands or offers to the seller. It’s a good idea to work with a lender or real estate agent so they can help you create a solid negotiation strategy.

Prices are Lower

When you have fewer buyers in the market, supply exceeds demand. This usually results in prices being lower than during peak season. In January, the sales of price of homes is at its lowest point!

Realtors Have More Time For You

This also means that your realtor or lender will have a lot more time to focus on you and your needs. Since winter has such a low volume of sales, your realtor will work even harder to negotiate with the seller to meet your specific needs.

Tax Benefits

If you’re a first time home buyer, you could save a lot of money by buying a home in the winter. This will give you a few extra months of tax deductions!

There are several benefits to buying in the winter: prices are lower, there’s less competition and you might even get a good deal on the dream house you’ve been wanting. It’s time to bundle up and get out there to house hunt!

Home Purchase
Buying a Home, First time homebuyers, Home Market, House Hunting, Ken Venick, Owings Mills and Lutherville Mortgage, Real Estate, Winter
How Much Should You Save to Buy a Home?
How to Save Money for a Mortgage While Renting

Leave a Reply Cancel reply

You must be logged in to post a comment.

Ken Venick

NMLS 138175

Equity Mortgage

NMLS# 128519

66 Painters Mill Road Suite 202
Owings Mills, MD 21117
Phone: 443-471-4310
ken@kenvenick.com
Licensed in Maryland, Delaware, Washington DC, Pennsylvania, New Jersey, North Carolina and Florida

Follow Us

Visit Us On FacebookVisit Us On InstagramVisit Us On LinkedinVisit Us On Youtube

Request Your FREE Consultation Today!

    Is Your Credit Score Where You Need it to be?

    Is Your Credit Score Where You Need it to be?

    April 2, 2016

    Credit Score

    All About Credit Scores There’s a lot that is calculated into your credit score. If it’s not where you’d like it to be, we can help you to understand what you need to do to get it there. The first, and most important, number to understand is your actual score, and where it falls on […]

    Credit Card Payments credit score FICO Score Ken Venick Market Trends Maryland Owings Mills and Lutherville Mortgage Real Estate

    read more

    When to Refinance your Mortgage

    When to Refinance your Mortgage

    April 4, 2016

    Mortgage Refinance

    There are many reasons why someone would refinance a mortgage.  Some of those reasons could be: to replace an adjustable rate mortgage with a fixed rate, to settle a divorce or to eliminate FHA mortgage insurance.  Some people choose to refinance because they could save thousands with a new interest rate altogether.  Others do so […]

    read more

    Adjustable vs. Fixed-Rate Mortgage

    Adjustable vs. Fixed-Rate Mortgage

    April 4, 2016

    Interest Rates

    Differences Between Adjustable vs. Fixed-Rate Mortgage There are two types of mortgage interest rates, and your monthly payment can change drastically depending on which you choose. A fixed-rate mortgage is just that – a rate that doesn’t change. The most common terms for fixed-rate borrowers are 30 years and 15 years, but 10 and 20 […]

    Adjustable Mortgage ARM Fixed-Rate Mortgage Home Market Trends Ken Venick Loans Mortgage Payments Mortgages Real Estate

    read more

    203k Loans and Renovating Without Equity

    203k Loans and Renovating Without Equity

    April 4, 2016

    203k Loans Equity Renovation

    A 203k loan is a renovation loan for your home.  If you want to buy a fixer upper, or you just want to remodel your current home, this is the type of loan that will help you to afford it. You can buy a home or refinance your current mortgage with this loan and it […]

    Construction Loan Consumer Loans Home Market Trends Home Renovation Ken Venick Loans Mortgage Refinance Mortgages Real Estate

    read more

    Hear Ken on AHA Business Radio

    Hear Ken on AHA Business Radio

    June 23, 2016

    Equity Interest Rates

    Click the “play” button below to catch Ken Venick’s interview on AHA Business Radio! Ken shares his insights about the importance of maintaining your credit levels, about mortgage interest rates and about qualifying for a mortgage. If you have any questions, or any trouble understanding mortgage finance, listen here for Ken to clear things up:  

    AHA Business Radio Credit Cards Home Market Trends Ken Venick Mortgage Financing Mortgages Radio Interview Real Estate

    read more

    Owings Mills Mortgage Rates - Owings Mills Market Update

    Owings Mills Mortgage Rates - Owings Mills Market Update

    June 19, 2017

    Mortgage

    How are Owings Mills mortgage rates affected by the national and local real estate market? How does the local real estate market effect my financing options as a buyer? As an Owings Mills mortgage lender, I pride myself on helping my clients discover the answers to these and numerous other questions. I believe that accurate, […]

    Buy a Home dream home Ken Venick Loans Mortgage Rates Mortgages Owings Mills and Lutherville Mortgage Real Estate Market

    read more

    Weekly Review - Week of June 19th

    Weekly Review - Week of June 19th

    June 20, 2017

    Mortgage

    The stock market ended the week in “mixed” fashion with the NASDAQ Composite Index underperforming as investors locked in some profits in high-flying large-cap technology stocks. Selling was particularly noticeable in the so-called FAANG stocks – Facebook, Amazon, Apple, Netflix, and Google (Alphabet) that represent $2.36 trillion in market capitalization. Meanwhile, the Dow Jones Industrial […]

    Bond Prices Home Market News Housing Reports Market Updates Mortgages owings mills mortgage Refinancing

    read more

    The FHA 203(k) Rehabilitation Mortgage

    The FHA 203(k) Rehabilitation Mortgage

    June 21, 2017

    Mortgage

    The FHA 203(k) Rehabilitation Mortgage is an easy to use mortgage program specifically designed for those who wish to make improvements on an owner-occupied home they own or would like to buy. Rather than having to obtain a separate loan to finance the cost of repairs (or walking away from a home they love because […]

    read more

    Your Guide To Renovation Loans

    Your Guide To Renovation Loans

    June 21, 2017

    Mortgage

    Popular Types of Renovation Loans Renovation Loans are used to purchase or refinance a home in need of repairs. The cost of the repairs is bundled into the mortgage, making it simpler and easier to pay for needed home rehabilitation. WHAT TYPES OF HOMES MAY BENEFIT FROM RENOVATION LOANS? Distressed Properties Those that were in […]

    Fannie Mae Homestyle Renovation Loan FHA One-Time Close FHA Rehabilitation Loan FHA Repair Escrow Loan Fixer Upper Homes Home Buying Tips Home Improvements Home Repairs Lutherville Mortgage Lender Old Homes renovation loans

    read more

    Top Reasons to Buy a Home

    Top Reasons to Buy a Home

    July 24, 2017

    Mortgage

    Benefits and Reasons to Buy a Home As an experienced Owings Mills mortgage lender, I am proud to have helped countless individuals and families accomplish their dreams of affordable home ownership. Throughout my experience, I have come across clients with a number of different reasons for finally making the decision to purchase their own home. […]

    Buying a Home Finances Home Equity Home Market Trends Lutherville Mortgage Lenders Mortgage Payments Mortgages Purchasing a Home Real Estate Renting

    read more

    get_footer();