Interested in buying recreational property in Sicamous?
Days on Market 248?
Days on Market seem high Karen why is that? This is a great question! One I asked myself when I first came to buy in Sicamous in 2002. Then I was living in Calgary and selling primary residential homes, days on market typically 45-60 days or the house was stale so I knew this was crucial to selling!
Was it nobody liked the house in Swansea Point that I liked? It was so close to Mara Lake which leads to Shuswap Lake, within 2 minutes of the white sandy beaches and vacation rentals that all Albertans have come to love in the Shuswap. What was wrong??
I was confused and yet no explanation was given. So I set out to figure it out since I felt the same way about Sicamous homes and needed an answer.
NOTHING! You are buying recreational property key word "recreational property" so there is timing factor with and when the properties in the Shuswap will be MOST desired and LEAST desired.
Most buyers looking to buy with 60 day possessions = Early Spring (Feb, March, April) = for sure! The Albertans are still under snow we have crocus & tulips blooming and they want to get the FULL benefit the Shuswap has to offer for the whole year!
Typically quick possessions (15-30 days) = May, June, July, mid August = quick as they want to get in and have already lost several months of our " Shuswap boating season".
Late August, September, October = varied possession = I always consider these buyers "really" serious, some will take longer possession (next spring if vendors agree) The season for boating, skiing, sun loving is nearing the end OR they are the Snow lovers i.e. Alberta Sledders which is right around the corner.
Sales in November, December and January are few. However I believe this is the time that you can get the "best" deal if you find that one motivated person. Key word "motivated" most of these homes and/or properties are owned by people that DON'T need to sell! So when you see it on for 6 months already they may have had previous offers that they turned down. I know that sounds silly but that is life in the Shuswap!
This quote is how I feel about this time of year some wise words from a very rich man: A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. Warren Buffett
The time to buy is now! So if you are thinking of buying in the Sicamous area call me I would love to help you! More info on Sicamous Real Estate please visit my website http://www.sicamous4sale.com