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Updated almost 2 years ago on . Most recent reply

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Jim Reynante
24
Votes |
53
Posts

Are Winter Real Estate Deals A Golden Opportunity?

Jim Reynante
Posted

Are there advantages or disadvantages to buying properties in snowy markets during the winter season, and how do these factors impact the overall property value and investment potential?

I am looking for some out-of-state rentals , but wondering about the pros and cons of purchasing in snowy markets during cold/freezing conditions.  Some questions cross my mind, including:

* Are sellers waiting for warmer weather because they think they can get a higher price?  If so, there is less supply so it could affect prices.

* Does the cold/snowy environment affect property inspections? Does it hide problems? Are inspectors less thorough?

Anyone have experiences and/or thoughts to share?

  • Jim Reynante
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