Wednesday, January 30, 2019

5 Winter Real Estate Buying Benefits

It is a common misconception that Winter is the “slow” time at the Lake of the Ozarks. While it does slow down for many businesses, because tourism is not as high October through April - that does not apply to real estate! We are finding ourselves busier than ever, as homeowners are ready to buy their vacation home at the Lake of the Ozarks. Here are a few benefits to buying real estate in the Winter.

Benefit #1: Fewer Competing Offers

While it’s true that we still have plenty of buyers looking for homes and mortgages at the Lake of the Ozarks during the Winter, you may find that there is less competition. Instead of having a bidding war with several other buyers, you may only be competing against one other person if any at all. Winter is a great time to buy a home, and if you have been thinking about buying a vacation home at the Lake of the Ozarks, now is the time to do it!

Benefit #2: Motivated Sellers

Many are still under the impression that Spring and Summer are the best times to buy and sell homes at the Lake of the Ozarks. Because of this, you may find that a seller is motivated to get their home off of the market if they are selling in the Winter. This could mean that a seller is also more comfortable with negotiating if there are not as many people trying to get the property.

Benefit #3: Expired Listings Available

The Winter months are when the expired listings market is at its largest. There is generally a great selection at this time of year. If you have been looking for a vacation home at the Lake of the Ozarks, start now, and you should not have any trouble getting it ready by Summer!

Benefit #4: Great Time for “Subject to the Sale”

Depending on the listing, you may want to make a “subject to the sale” offer, and Winter months are generally when they get accepted the most, even with some movement on the price. Some homeowners at the Lake of the Ozarks may be willing to sell certain equipment with the home, and this could include yard maintenance equipment or even items as large as boats or other recreational equipment.

Benefit #5: January is the Biggest Corporate Transfer Month

More corporate relocation moves happen during January than any other time of the year. While this may not apply to vacation homes, you just never know what is going to hit the market due to these types of changes. 

Let’s Get Started!

If you are considering purchasing a home in the near future, the first step is to get a pre-approval. This will let you know how much you can afford for a home and what kind of down payment you'll be looking at. Team Lasson knows that this is a great time to buy a home, and we would love to help. Visit our website to learn more about our mortgage services at the Lake of the Ozarks, or give us a call at the number below.

For Lake area news, resources and tips on financial services, please 

Michael Lasson
Senior Loan Officer
NMLS #: 493712

4655 B Osage Beach Parkway
Osage Beach, MO 65065

Direct: (573) 746-7211

**The postings on this site are my own and do not necessarily represent First State Bank of St Charles’s positions, strategies, or opinions.

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