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[quote=Anonymous][quote=Anonymous]Does the market work in favor of the buyer in the late fall-winter months? [/quote]

Not completely, but buyers tend to be in a stronger position than in the busy spring/summer. Stuff still on the market into the fall means it did not sell in summer. It's leftovers.

If someone lists in the fall or winter, it usually means they need to sell ASAP (death, divorce, job loss, etc). So there's more bargaining power for buyers.

Families are not buying in the fall or winter because it means they would need to move schools. Additionally, those who are relying on selling their current home for the down payment won't be in the market (good chance they will be stuck with two mortgages until the spring). Hence, a large segment of buyers are not in the market for a new home so there's less competition for serious buyers.

If you're not extremely picky, buying in fall or winter is really a great opportunity for first time buyers or those who don't have many contingencies.

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