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Real estate transactions during cool months can be beneficial

Although fall and winter can be busy times in New York, they can also be excellent seasons during which to purchase a home. Buying a house is often promoted during the spring and summer seasons, when temperatures are warmer and people are more eager to get outdoors. However, several reasons exist for engaging in real estate transactions when it starts to get cool outside.

First, homebuyers during cooler seasons face less competition than they would during warmer months. As a result, they are more apt to acquire the houses they want without having to engage in fierce bidding wars. Competing with several offers is admittedly one of the most frustrating aspects of buying a house.

Second, the sellers whom buyers encounter in cooler months may be more motivated and serious about unloading their properties. Therefore, they might embrace negotiation more than they would at other times of the year. Thus, although not as many homes may be on the market, shoppers may experience more flexible sellers. Likewise, there may be more flexibility among other professionals who are involved in the home buying process, such as mortgage brokers, home inspectors and movers.

Purchasing a home is one of the biggest moves one can make in a lifetime. The process can be complicated, especially in a highly competitive real estate market. An attorney in New York can offer guidance during residential real estate transactions to ensure that buyers' rights are protected and that their best interests are upheld from start to finish.

Source: realtor.com, "Realtor.com Proclaims Housing Market Healthy", Cathie Ericson, Nov. 16, 2017

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