Winter house hunting
Party season has just ended — who wants to go house hunting, right? Wrong. Put your handy "open house" slip-on shoes back on and get out there this weekend, because the best deals of the year just might be had. In fact, you probably won't even need to deal with the hassles of an elbow-to-elbow open house, because the market has slowed by as much as 50 per cent, say the experts. That means you'll have less competition than throughout the rest of the year, particularly by February, when the spring market picks up. You'll also encounter bargains, easier access to real estate services, more of your realtor's undivided attention, and stable interest rates.
"It's hard to do ... but it's such a missed opportunity if you don't," says real estate investing expert Don Campbell, who is president of the Real Estate Investment Network (REIN). REIN members study properties across Canada. REIN's most successful members, Campbell says, buy real estate during the traditional off-seasons of December/January and July/August. "It's a wonderful, wonderful time of the year to buy property. I'm going to be looking for places in December/January," he says. Click through for seven reasons that winter time is house-buying time.