Colder temperatures have settled over the Northern Nevada region, but that shouldn't freeze your plans of buying or selling a home. The market for winter real estate is full of sizzling opportunities, which makes now an excellent time to jump in and achieve your goals. Here are six advantages of entering the market, no matter what side you're on.
6 Benefits To Northern Nevada Winter Real Estate
Selling Winter Real Estate
Seller Benefit #1: Buyers are motivated
One of the most significant advantages of selling your home in the winter real estate market is that most buyers are incredibly motivated. Whether they've been unsuccessful at finding a home during the fall season or trying to beat the spring rush, many winter home shoppers are committed to completing the purchase process and closing escrow on time for the home of their dreams. So, if you can get into contract with a buyer in Q4 or at the start of the new year, they're more likely to complete the transaction and the contract.
Seller Benefit #2: There's typically less competition from other sellers
Some homeowners hold off on listing their homes until the busier spring months, so we typically see a reduction in our Q4 inventory levels. This seasonal change can work in your favor because there are fewer sellers in the market to compete with. This, combined with buyer eagerness, will surely help you find winter real estate success.
Buying Winter Real Estate
Buyer Benefit #1: Your offer is more likely to stand out
Though spring and summer represent peak real estate seasons across the country, winter in Northern Nevada offers some unique advantages. As a buyer in the winter real estate market, you're likely to feel less pressure from other bidders. This means you can make your offer stand out to sellers. You'll also have more freedom to explore your options.
Buyer Benefit #2: You can experience a home in its winter setting
In summer, you don't get the opportunity to see how a home looks in colder weather. Whereas, when you buy a home during the winter, you can see how much sunlight it gets, how well the house has been winterized, and how festive your neighbors are during the holidays. After all, Northern Nevada has some of the best holiday light displays, and there's nothing quite like the snow-capped mountains surrounding the Reno-Sparks area during winter.
Buyer Benefit #3: Enjoy More warmer days and help with moving
Though the winter season is here, Northern Nevada is known for its beautiful year-round weather, with a recorded 300 days of annual sunshine in Reno. So, who knows? You may luck out with a warm winter day. It will also be much easier to book movers, as most moving companies are slammed during the spring and summer months.
Buyer Benefit #4: Living in Nevada means more tax benefits
While it's certainly not the only factor to consider when deciding where to live or relocate, it's no secret that many people and businesses move to Northern Nevada to take advantage of the state's tax benefits. Buying a home before the new year may also have its advantages, like having the ability to deduct interest paid on your mortgage. Property tax and closing costs can also be deductible. So, if you're thinking about buying, discuss these options with your lender or tax professional to determine how these deductions could affect your bottom line.
Photo by Trevor Clark
Get The Full Experience Of A Northern Nevada Winter
When the snow starts falling, there are many ways to enjoy the surrounding cityscape and the Sierra Nevada. The Northern Nevada region offers many surprising adventures and experiences for locals and visitors. Whether attending the Northern Lights Festival or listening to a Reno Phil performance at the Pioneer Center, there are plenty of opportunities to have fun and live the Northern Nevada lifestyle during the winter season. Check out these Incline Village things to do and Reno-Sparks events to make your holiday and winter season merry and bright.
At Dickson Realty, our team of local experts knows the best ways to enjoy winter real estate in Northern Nevada. To learn more about the Reno/Sparks region, contact one of our Realtors today.
