Most people don’t start thinking about buying a home until spring — and that makes sense. More listings show up, the weather improves, and it feels like the right time to start looking. But here’s something a lot of buyers don’t realize: January can actually be a great time to get ahead. Why?
There is usually less competition so early in the year. The weather is not ideal, but that means that fewer buyers are touring, fewer offers are coming in, and that can mean less pressure on you. It can also give you more room to negotiate — especially if the seller is ready to move and doesn’t want to wait any longer.
January may be an excellent time to find motivated sellers. Homes listed during the winter months may be listed out of necessity rather than convenience. This motivation can translate into more flexibility regarding price, timelines, or even seller concessions such as closing costs or repairs.
Starting sooner in the year also allows buyers to get financially prepared without pressure. Now is an ideal time to review your credit report, organize documents, determine how much you have available for a down payment, and meet with lenders for pre-approvals and to lock in a rate. By understanding your options early, you’ll be able to react quickly with an offer when the right home appears, edging out other buyers.
Another advantage to starting early is having time to learn the market. You’ll be able to observe pricing trends, see which homes sell quickly, and how prices shift as spring approaches. This knowledge can help you identify a good deal when you see one.
Ultimately, starting the process in January provides flexibility and control. You’re not forced to buy immediately, but you’re ready when the right opportunity arises. Whether you close early in the year or wait until later, you’ll be ahead of the curve — prepared, informed, and confident.
When you're ready to talk through your options, the team at First Northern Credit Union is here to help. We don’t just offer rates. We help you understand them, compare your choices, and move forward with confidence.