Is Summer a Good Time to Buy a Property in NOTL?

Summer is not only the best season in NOTL, it is also a great time to buy your dream home.  With so much to see and do, it is hard to believe that you can fit house shopping into your summer schedule – however, buying a home in the summer does have many advantages.  As your premier agent specializing in NOTL real estate, I would like to share the following tips to help you buy that perfect home this summer.

More Choice

Summertime means choices.  One of the key advantages of buying a home in the summer is the increased inventory.  This increased selection of homes can be attributed to the following factors:

  • Nicer weather and longer days mean more potential buyers are looking at homes.
  • A more flexible schedule with less events means more free time to view homes.
  • A mutual interest by both sellers and buyers to move their belongings during the warm dry weather.

The summer months are the perfect time to buy your home.  With all the extra inventory you should be able to find the home that meets and even exceeds everything that you are looking for.

Are you Ready?

Added inventory and warmer weather means more competition on the NOTL real estate market.  Before beginning your house hunting activities, make sure that you have been pre-approved for your mortgage.  Once you find that perfect home, you will want to move fast and put in an offer.  By moving quickly and having a pre-approved mortgage, you should be able to beat the competition and avoid the dreaded bidding war.

Count the Days

When putting in an offer on a home, it is a wise idea to look at how many days that specific property has been on the market.  If the home has been on the market for over 60 days, chances are the seller is going to be willing to negotiate.  By paying attention to this number, you may be able to land your dream house at a deep discount.

Go with the Right Agent

The right real estate agent can make all the difference in the world.  When choosing an agent, be sure that they have years of experience and are knowledgeable of not only the area and its neighbourhoods but with any quirks in the local market.  The right real estate agent should not only be able to help you find your dream home this summer, they should also be able to help you get you a fair deal as well.

These tips should help you buy your NOTL dream home.  If you would like other tips on buying a home this summer or would like to see some of the new and exciting properties that are available in NOTL please contact me today. I would love to help you find your perfect home this summer.  I look forward to hearing from you soon.