Buying a Home in Grande Prairie in Winter: What You Should Know

Nobody buys a home in the winter – right? Wrong! In fact, many home purchases happen during the coldest months of the year. Buying a home in winter has various advantages, including less competition and faster closing schedules. Still wondering why and how you should buy a home in winter when days are shorter, trees are bare, and the weather is freezing? Here’s what you should know about buying a home in Grande Prairie in the winter:

Tax Breaks

Buying a home in the winter allows you to enjoy tax benefits. As such, you can write off some of the expenses of your home purchases on your taxes. Typically, you can count on the following being tax-deductible:

  • Real estate taxes
  • Mortgage interest
  • Private mortgage insurance premiums

Better Deals

Since the demand for housing is down during the winter, you can save money on your purchase. In fact, according to Realtor, the median listing price of a home during winter is approximately 6% lower than that of homes sold during the warmer months. Keep in mind that since there’s a low demand for homes, sellers are motivated to sell, which gives you an advantage when negotiating the price.

Home Inspection

There’s no denying that homes tend to experience more issues during the winter season. That’s why it’s even more critical to get the home inspection carried out. The last thing you want is to buy a home only to discover the seller has been hiding a serious boiler issue or that the roof isn’t properly insulated, setting you back a few thousand bucks.

Buy a Home in Grande Prairie Now!

With some knowledge and the help of an experienced agent, buying a home in the winter won’t feel so daunting. For a step-by-step plan that’ll walk you through every part of the homebuying process, feel free to contact our team of experts at (780) 228-3469 today!