Is the Summer a Good Time to Buy a Property in Penticton?

Not only is summer the most spectacular season in Penticton, it can also be one of the best times of the year to take advantage of the real estate market.  As your premier agent specializing in Penticton real estate, I would like to offer you the following helpful tips on how you can take advantage of the summer market and not only find but buy your dream home.

Choices

The main advantage in the summer real estate market is the volume of properties for sale.  This increased inventory of homes is an advantage for both buyers and sellers alike.  The extra inventory is likely due to factors such as:

  • More time for potential buyers to view homes because of longer and warmer days.
  • The end of school for kids making schedules far more flexible.
  • Holiday time – freeing up the schedule to look at homes.

When buying a home, try to take advantage of these factors and view as many properties as possible.  If you have a long list of must-haves for your dream home, then the summer months are ideal for finding your home because of the added inventory – be sure to take full advantage.

Make a Deal

Keep in mind that you are not the only person looking to buy a home this summer.  With added selection comes added competition.  Once you find that perfect home, be prepared to act quickly and put in an offer.  The faster you move, the less chance there is of getting involved in a bidding war and being outpriced.

Look at the Days

When looking at homes, be sure to look at the number of days the home has been listed for.  If a home has been on the market for over 60 days, chances are the sellers are going to be quite willing to negotiate the price and make a transaction.

Here’s the Deal:

You may be able to get your dream home at a steal by paying attention to this often-overlooked detail.

Property Type

Different types of properties have various market cycles.  Typically, the real estate market of single unit, stand-alone homes parallel the school year.  That means that the seller will want to be moved into their new home before the beginning of the next school year and may be more willing to negotiate a deal in the summer months.  Townhomes and apartments are geared more to young professionals and will have a different market cycle altogether.

The Right Agent

When it comes to finding and buying your home this summer, be sure that you have the right real estate agent working for you.  Your agent should have years of experience and knows the area and the neighbourhoods.  They should also understand the unique demands of the local Penticton market and be able to work with you to find the best deals available.

These tips should help you find and purchase your dream home this summer.  If you would like other tips on buying your home, or are interested in viewing some of the properties that are available in Penticton this summer, please contact me today.  I look forward to hearing from you soon.

 

 

By |2019-07-13T18:39:51-07:00July 13th, 2019|Home Buying|0 Comments

Gil Szabo Homes for Sale

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