Why You Should Buy A Home With A Pool During The Winter
OK, so the picture above really isn't from Tallahassee, but I suspect it represents the feelings that buyers have about swimming pools when they are buying a home in the winter.
There are good reasons for people who want a home with a pool to strongly consider winter as "the time to buy," and we have assembled a report to help you understand why.
First, let's take a look at the homes with pools that are currently for sale in the Tallahassee MLS.
Homes For Sale With Swimming Pools
Competition For Homes With Swimming Pools
The best reason to consider buying a home with a swimming pool in the winter is it is the time of year where the fewest buyers have an interest. Why not reduce the competition in order to enable you to buy a home at a lower price, right?
The following graph of quarterly pool home sales
The graph above plots the number of homes with pools that have sold each quarter for 16 years, going back to 2004 in the Tallahassee MLS.
The most active quarter in most years was the second quarter (63% of the time, highlighted in red), followed by the third quarter (31% of the time). Only after the market collapsed, in 2009, did the fourth-quarter lead in pool homes sold for the year.
This means that 94% of the time buyers for homes with swimming pools were most active in the 2nd or 3rd quarter of the year. And most importantly, buyers were NEVER the most-active in the first quarter, and knowing this creates an opportunity for prudent buyers.
Your Agent Matters!
74% of homebuyers work with the first agent they speak to, so they typically don't understand that it is in their best interest to first interview a qualified buyer's agent before they commence with the rest of the home search and home buying process. But they learn.
They learn when they ...
- lose out on the perfect house
- pay excess third-party fees during the transaction
- over-spend for a home that they could have bought at a lower price
- the home is not the best fit for what they need
So join the 26% of homebuyers who are smart enough to put themselves first. Here's how to do it.
Get A Good Deal On A Home With A Pool
Many of the homes on the market that have swimming pools are ones that failed to sell during the hot summer months. This means they've been on the market for a long time and the sellers are more than likely motivated to get their homes sold. Yet we know buyers won't get super active until the second quarter, right?
If you want to get a great deal on a home with a swimming pool, get one under contract before February so that you can close on it during the month of March. If history repeats itself, you'll be competing with far fewer buyers than if you wait until the weather warms up!