It’s no secret the temperatures have taken a turn over the past few weeks— winter is on its way! If you’re already seeing snow where you live, it can be easy to assume that your dreams of buying a home are over until spring. However, the exact opposite can be true this time of year!
Winter can be one of the best times to buy a home in Alaska and at Northern Edge Real Estate, we are here to help you make that happen! Consider the following reasons why buying a home in Alaska can be beneficial during the winter months:
Spring and summer are known as the most active real estate seasons and as a result, many home sellers wait until then to list their homes. Sellers who list in the winter typically have strong reasons to do so such as a job relocation and are motivated to accommodate interested buyers. For homebuyers in Anchorage, Eagle River, Palmer, Wasilla and the Mat-Su Valley, not only are the motivated sellers a plus for you, but the smaller selection of homes can save you time traipsing through dozens of them in the snow.
And just as there are fewer sellers in the winter, there are fewer buyers. Due to this key factor, homebuyers in Alaska have less competition and more time to decide on the home that best fits their needs.
Fewer chances of a bidding war
In the summer months, many homebuyers have to make quick decisions due to increased activity and multiple offers on a single Alaskan home. In the winter, you have fewer chances that a bidding war will take place and what’s more—given the right scenario—you will likely have the upper hand in the real estate transaction.
Due to a lower number of buyers and sellers active in the market, home prices tend to be lower this time of year. By working with the expert agents at Northern Edge Real Estate, you may be able to find a deal on your dream home!
When you set out to purchase a home in the winter, you are able to see how the property holds up in the cold conditions. For instance, does the home feel drafty? That might be a sign that the windows need to be replaced. Does the home feel cold? It could mean the heating system is not functioning properly. Is there water in the basement or garage? This could point to downward slopes channeling water toward the home.
You will also be able to see how well the neighborhood is maintained when there is snow on the ground. Are driveways and sidewalks cleared? Do kids come out to play in the snow? All factors to consider in choosing your next home in Alaska.
We look forward to hearing from you!