4 reasons to buy in the fall

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.


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About the Author

Lisa Salt is a Vernon born Realtor® who, along with her husband Gord Fowler from Calgary, lead one of the most successful and dynamic real estate teams in the North Okanagan. 

An international clay target shooting champion, Lisa brought the attributes of hard work and diligent focus to the real estate industry to create the success she and her team have today. 

To experience the local knowledge and expertise that only someone born and raised in the Okanagan can offer, call Lisa today and 'Just Add Salt'.

Website link:   http://www.saltfowler.com

Contact e-mail address:  [email protected]


The views expressed are strictly those of the author and not necessarily those of Castanet. Castanet does not warrant the contents.

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