Police watchdog called in
Mayor calls 'BS' on list
U.S. authorities find bodies
Premier stands by pick
Canada's most-wanted list
Sask. will still get rebates
Santos ends comeback bid
Douglas C-54 plane crashes
Trump's 'eyes and ears'
US TikTok ban sent to Biden
Phish fans enter the Sphere
CN Rail profits fall 
Warriors snakebitten in loss
Iginla off to Europe
Rockets ink prospect
Alleged Tupac killer in court
Lawsuit accuses Megan
Bam Margera’s tour axed
Just as many sellers think that spring is the best time to sell a home in the Okanagan, often buyers feel that spring is the best time to buy.
However, there are many great reasons to consider a purchase in autumn instead.
Higher Seller Motivation
Some sellers keep their listings active in the fall and winter because of a motivating factor behind this decision.
They may need to sell prior to year end or a certain date due to a job transfer, to move to a home they have already purchased, or any number of other reasons.
This can be a huge benefit to you if you are able to find these homes with the motivated Sellers. Sellers are likely to have less showings at this time of year and some may be willing to negotiate more on an incoming offer.
Less Competition but More Deals
Often sellers are encouraged to take their home off the market for the winter months, or they choose to do so as they don’t wish to risk having to move in the winter. Although this means fewer homes for you to view and to choose from, it usually means better pricing in some areas and price ranges as year end nears.
Year End Benefits
For you as a buyer, the best deals on appliances, electronics, furnishings, etc. are usually found at year end. If you move into your new home prior to the holiday season you have a great opportunity to capitalize on all these year end benefits.
Plus your first mortgage payment likely won’t be due until the New Year, therefore Christmas can be a true celebration in your new home.
Lock in Your Interest Rate
Interest rates are on the rise. The only way to be certain of the interest rate and mortgage payment you will be paying on your new home is to activate your pre-approval and purchase a home before these rates rise any further.
Our best advice is once you make the decision to buy, discuss your decision with your realtor and they will be able to provide their best professional advice on timing.
In our opinion, there are many advantages to buying in the off season which may result in an even better deal than one may experience in the spring.
This article is written by or on behalf of an outsourced columnist and does not necessarily reflect the views of Castanet.
