The year-end holiday season is not a typical time to buy a home, mainly because November and December are quite stagnant months for the real estate market. Most sellers avoid listing their property in the winter due to the unfavourable weather conditions and the frenzy around the festivities. Showing houses in the winter is difficult, while many people are busy with the preparations for the holidays. As a result there is a limited choice of homes for sale. However, with some willingness to compromise on your expectations, moving house to a new place for Christmas is possible.
The biggest disadvantage of buying a home during the holiday season is the limited supply of for-sale houses. The reason is that Vancouver real estate market is seasonal, with spring and fall being the peak seasons for the housing sector. Since you have only a small chunk of estates to choose from, you may not be able to find the home that you want. One strategy is to look up the “old expires”. These are homes that were marketed a couple of years ago but were not sold at that time. Another option is to ask your agent to send letters to homeowners in your desired neighbourhood. Maybe there is someone who is willing to sell property that complies with your criteria. You can try a third approach and contact brokers that sell estates in your preferred area. Ask them about Westside homes that are not yet listed. The key to finding a good deal is to contact the right agent.
There are several benefits to looking for homes during the holiday season. First, there is less competition from other buyers. Second, most of the owners who list their property in this period look for quick deal. You can take advantage of the seller’s urgency to sell the property and negotiate the price. This is a great opportunity to save money from your purchase.
You need to be clear about the reasons for buying a new house. Do you see it as an investment or as your future home? In the first case, you need to be sure that you will be able to rent out the property and earn enough from it. If you аre planning relocation, check whether the house has all the required amenities and suits your lifestyle.
Get Your Budget Straight
Can you afford to buy a new property right now? The holiday season can drain out your finances with all the gifts, dinner parties and trips. Be sure you can cover the deposit, the monthly payments and the additional costs.
Be Cautious About Hidden Defects
If you are looking for home in a cold-weathered area, beware of defects that might be hidden by the snow. The last thing you want is to pay a fortune for a home, only to find a dreadful site in the spring. If you have your eye on a certain property, make a home inspection before sealing the deal and moving house to your new home.
Mind Agent’s Work Hours
During the holiday season, many people take time off work including estate agents and brokers. Talk with your agent about their plans and adjust your schedule. Keep in mind that banks and mortgage companies can also be closed during the holidays. Purchasing a house during the holiday season has its perks and pitfalls. However, if you are persistent enough to overcome the challenges, you can plan your removals and settle in a new home by Christmas.
please contact your real estate consultant and Find Your Home. Find Your Story.