Winter shopping for a home

While spring and fall are busier times for real estate sales, a serious home buyer should be looking out for potential homes all year round.

Consider this: It’s a cold winter day and you’ve just sat down with a mortgage professional to figure out how much house you can afford.

You’ve determined that your finances are in order and you’re ready to start looking for a home.

You’ve heard that spring is the best season for buying and selling real estate.

Does that mean you’ll need to put your search on hold until the tulips start to bloom?

“If you’ve worked out what you can afford and you’re ready for the home buying process, then shopping for real estate can happen at any time of year,” said Pat Verge, president of the Ontario Real Estate Association.

“While spring and fall are busier times for real estate sales, a serious home buyer should be looking out for potential homes as long as they’re ready to make a purchase.

“It can sometimes take many months to find the right property.”

If you are planning to shop for real estate during the winter, these are a few things to bear in mind:

Supply: There may be fewer homes to choose from, but of the homes available for sale you may have less competition to deal with when making an offer.

Weather: The homes you visit may already be covered with snow which may hide exterior defects; ask to see photographs of the home taken earlier in the year and rely on a home inspector to tell you about any potential faults.

Make time: The process for buying a home and the paperwork that follows is time consuming. Try to keep your other priorities organized so that you are ready to act if a home that you are interested in comes up.

For more information see wedothehomework.ca.

 

Just Posted

West Kelowna family builds 9-foot tall snowman

A family in Glenrosa is making the most out of the snow

Okanagan College launches Indigenous cooking training

The program will infuse Indigenous-knowledge in its professional cook training

Okanagan Shuswap weather: Hold on to your toque, wind and snow today

The sun will be hiding behind the clouds for the next few days

Creekside Theatre offers unique experience for cinephiles

The Lake Country theatre shows movies and documentaries twice a month

It’s time to prune berry bushes to help wildlife in Okanagan

Pruning will help keep wildlife away and be easier to pick when the berries are ripe

Branching out: learning to ski at Revelstoke Mountain Resort

It’s the first time at the hill for the editor of Revelstoke Review

Okanagan College to launch Indigenous-knowledge infused professional cook training

Okanagan College is turning to Indigenous knowledge keepers, chefs and foragers to… Continue reading

Okanagan ‘pot-caster’ talks politics and weed sales

Pot podcaster Daniel Eastman says B.C. has kind of dropped the ball as far as legalization

Do you live with your partner? More and more Canadians don’t

Statistics Canada shows fewer couples live together than did a decade ago

B.C. child killer denied mandatory outings from psychiatric hospital

The B.C. Review Board decision kept things status quo for Allan Schoenborn

Searchers return to avalanche-prone peak in Vancouver to look for snowshoer

North Shore Rescue, Canadian Avalanche Rescue Dog teams and personnel will be on Mt. Seymour

Market volatility, mortgages loom over upcoming earnings of Canada’s big banks

Central bank interest hikes have padded the banks’ net interest margins

Shuswap plastic bag ban expected to begin July 1

Salmon Arm bylaw would impact approximately 175 retail stores and 50 food outlets/restaurants

Hearings into SNC-Lavalin affair start today, but not with Wilson-Raybould

She has repeatedly cited solicitor-client privilege to refuse all comment

Most Read