With less competition and more motivated sellers, the winter can be a great time for buying a home, especially if you’re willing to go out into the cold to go house hunting. However, there are still pitfalls that could complicate the buying process, causing you to lose out on your dream house or wind up with a structure that needs more work than you bargained for. Below are a few common mistakes to avoid if you’re investing this winter.
Common Home-Buying Pitfalls to Avoid in Winter
1. Racking Up Debt
Putting holiday purchases on a credit card is a standard strategy for many families, but if you’re planning on applying for a mortgage soon or have already been pre-approved, avoid doing anything that could impact your credit score. Changing your debt-to-income ratio by even a little bit can result in a higher interest rate and additional fees, significantly raising the cost of buying a home.
2. Not Thinking About the Rest of the Year
Homes in the winter don’t have a lot of curb appeal, so you might have to use your imagination to “see” how a particular house will look in the summer when the grass is green and the trees are full. That structure with the drab lawn and sad landscaping could be your dream home when the weather warms back up.
3. Neglecting Due Diligence
You should get an inspection any time you’re buying a home, but keep in mind that winter weather can make a complete examination of the structure impossible. For example, inspectors can’t turn on the AC during this season or evaluate the roof if it’s covered in snow. In these instances, ask detailed questions about the systems the professional can’t get to and ask to see maintenance records before making an offer.
If you’re looking for a skilled professional to guide you through the Black River Falls, WI, market, turn to RE/MAX Homes & Hills Realty, one of the area’s top agencies. With their in-depth experience in the industry and the local area, their team will help you avoid mistakes and find the home of your dreams. To get in touch with a skilled agent by visiting their website, or call (715) 284-0610 to discuss buying a home today. You can also follow their Facebook for more tips and advice.