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

Summer is finally here.  Vernon seems to be made just for this special season, so be sure to get out and enjoy the surrounding areas, festivals and fun that the city has to offer.  In addition to these activities, summer is also a great time to buy a property.  As your premier agent who specializes in Vernon real estate, I would like to share the following tips to help you buy your dream home this summer.

Increase in Inventory

Vernon’s summer real estate market is all about increased inventory.  The amount and variety of homes available on the market swells in the summer months, making it the perfect time to buy your dream home.  The increase in inventory is a combination of the following factors:

  • Warmer weather and longer days making house hunting that much more enjoyable.
  • School’s out. Less schedules and more flexibility make summer the perfect time to seek out your perfect home.
  • Perfect weather to move belongings from one home to another.

Get Pre-Approved

Before getting out and seeing what is available in Vernon’s real estate market, be sure to go and get a pre-approved mortgage.  You will want to have your ducks in line so that when you find that perfect home, you can act quickly and put in an offer.  The sooner you put in an offer, the better the chance you will have of getting your home and the less chance you will have of getting involved in a bidding war.

Let’s Make a Deal

When looking at homes, it is a good idea to see how many days that specific property has been on the market.  If a home that you are interested in has been on the market for over 60 days, there is a good chance that the seller will be willing to negotiate the final price and more interested in selling.  By paying attention to this often-overlooked number, you may be able to get your dream home at a discount.

Go with the Right Agent

The right real estate agent can make all the difference when you are buying your home this summer.  Be sure that your agent has experience in the local market and understands any of the quirks with that market.  Your agent should also be knowledgeable about the area, the city and its various neighbourhoods.  By going with the right real estate agent, you should be able to find the perfect home at a deal that you can afford.

If you are interested in other helpful summer buying tips or would like to see some of the new real estate inventory available in Vernon, please contact me today.  I would love to help you find the perfect home this summer.  I look forward to seeing you soon.

 

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