There Can Be Plenty of Homes to Choose FromThe fact is, competition for real estate is not as hectic during the winter months; this is true for many areas around the US and is applicable for the Lake of the Ozarks as well. This is partly because many homeowners don’t want to uproot their families during the school year. For others, moving in the Winter weather doesn’t sound appealing.
An interesting study showed that May, June, July, and August make up 40% of existing home sales, while January and February account for just less than 6%. This probably isn’t great news for those selling their homes, but it is wonderful news for those who are purchasing!
You Could Find a Great PriceHaving less competition for the home of your dreams, means that you may even get a better deal. In many cases, if someone is selling their home in the Winter, it’s because they are motivated.
Perform the Winter TestOut of all of the seasons, Winter is going to put significant stress on a home. This provides the perfect opportunity for you to evaluate the home under harder conditions. Things you can look for include:
- Drafty windows
- Weak insulation
- Check the furnace
- Driveway shoveling difficulty
- Ice dams on the roof
- Winter curb appeal
mortgage lender at the Lake of the Ozarks. After we complete this process for you, you’ll know how much you can afford, and you can hit the real estate market with a distinct perspective on what price range you need to stay in.
For Lake area news, resources and tips on financial services, please
Senior Loan Officer
NMLS #: 493712
4655 B Osage Beach Parkway
Osage Beach, MO 65065
**The postings on this site are my own and do not necessarily represent First State Bank of St Charles’s positions, strategies, or opinions.