Kelowna Real Estate Blog – Paige Guernsey

Selling your house over the winter, pros and cons

Posted by paige on November 18, 2010 | No Comments

Here we are with 38 shopping days until Christmas and the real estate market is still experiencing fall-like activity! Kelowna’s October residential sales were up to 132 over September’s 117 sales.  The winter months can be a successful time of year to sell your home mostly because there is less competition and the buyers out there tend to be more serious.  Let me explain… Usually at this time of year sellers let their listings expire and/or pull them from the active market. True to timing, we are seeing a reduction in current residential listings available right now.  Buyers that are shopping are generally very focused, particularly those that come from out of town, and have less to choose from.  I’ve noticed that my listings have seen an increase in showing activity with less product for buyers to look at.  Also, those buyers may be feeling a sense of urgency now that fixed term interest rates have gone up. Those that are “locked in” at the lower rates will need to choose soon or be faced paying a higher rate.  Yes, you still have to keep the house “show ready” and the driveway shovelled, but when those buyers come, they’ll be taking a good hard look at your house. If you’re thinking of selling your home, please give me a call on my direct line 250-862-6464.

Talk to you soon…

Paige