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Are Winter Real Estate Deals A Golden Opportunity?
Are there advantages or disadvantages to buying properties in snowy markets during the winter season, and how do these factors impact the overall property value and investment potential?
I am looking for some out-of-state rentals , but wondering about the pros and cons of purchasing in snowy markets during cold/freezing conditions. Some questions cross my mind, including:
* Are sellers waiting for warmer weather because they think they can get a higher price? If so, there is less supply so it could affect prices.
* Does the cold/snowy environment affect property inspections? Does it hide problems? Are inspectors less thorough?
Anyone have experiences and/or thoughts to share?