High price isn’t the only attribute of super luxury real estate. Properties that are classified as super luxury or ultra-luxury are constructed with the latest construction techniques and the best materials. If you are looking to grab one for yourself, you need to keep a few things in mind. Kelowna’s luxury real estate market is booming and you need to time it right for securing the best property.
Reasons Why Fall May Be The Right Season To Grab A Luxury Home For Sale:
You Aren’t In A Rush To Buy A Super Luxury Real Estate
The real estate market is active throughout the year, all 365 days of it. However, spring is the season of the highest activity. Homes move fast during this season as homeowners are eager to sell off their properties quickly after spring cleaning. When you try to buy anything in a busy market, you’re bound to make the wrong decisions.
Instead, it’s better to take your time and wait for things to slow down. Fall is conveniently timed for a slow-moving market and provides you ample time to assess all your options. Even if you have a sky-high net worth, buying super luxury real estates and Kelowna Condo are big investments. The fall season allows you to be comfortable while browsing the market and doesn’t force you to make snap decisions.
Sellers Are More Proactive
Both buyers and sellers enter the housing market with ample preparation during the active season. Sellers stage their homes in the best condition and are prepared to wait for a long time to get the best price for their property. Unless you’re offering to pay in full with cold hard cash, you’re at a disadvantage as a buyer during the spring season.
The conditions are flipped during the fall season. Most sellers who try to sell off their home during this season are more likely to be in a time-sensitive situation. Okanagan homes for sale during the months of fall are usually listed by sellers who need to free up capital quickly. Otherwise, it’s a property listed by an anxious seller who hasn’t been able to get the property off their hands throughout spring and summer and is looking for a quick sale. This creates the perfect opportunity for you to grab a new luxury home at a bargain.
Pleasant Weather For Moving
Moving during the summer or winter months isn’t fun. Extreme temperatures, icy roads, and high humidity in coastal locations can make moving a horrible experience for the most patient family. You’ll find yourself arguing more with your partner and getting mad more easily while prepping for the move. If you don’t want to pay high prices for your new dream abode, choose fall instead of spring for buying and moving into a new luxury home.
During this season, you won’t get sweaty or layer yourself with winter clothes. The days are crisp and moving would be as smooth sailing as it gets. Your search for a new super luxury residential property can be narrowed down when you get help from the best Kelowna real estate companies. We are the trusted name with listings of the best properties in the Okanagan region.
Flaws Are More Visible
Most sellers during this season are underprepared and want to get the property off the market as soon as possible. This makes flaws more visible and allows you to make better long-term decisions.
While super luxury properties don’t have a lot of flaws due to their superior quality construction, the surroundings may have minor flaws that are easily missed during the rest of the year. If you are able to point out those flaws, you can get a big discount on your new home. You may even discover a design element that doesn’t work for you and be prepared to account for the necessary changes while negotiating the price.
More Agents
If you have a busy schedule throughout the year, you may not have enough time to research the market, browse through all the listings, and find the right property. Fortunately, real estate agents and listing companies aren’t busy during the fall season. Due to low market activity, they won’t need to divide their busy schedule among multiple clients. You’ll be their focus and they will devote most of their time to match you with the best property.
Finding the right super Kelowna luxury real estate isn’t a tall order when you do it during the fall season. You can take advantage of a slow-moving market and score highly sought-after houses at a low price.