Take Advantage of the Second Most Popular Real Estate Season
Did you know that next to spring, fall is the busiest season for moving? The leafy season comes with a lot advantages for buyers and sellers including a wide selection of homes, pleasant conditions for moving, and let’s not forget squeezing in potential year-end tax benefits.
GST new housing rebate
If you buy a new home as your principal residence and if it’s less than $450,000, you may be able to claim the GST new housing rebate. There are lots of other deductions available, such as tax incentives for environmental upgrades and improvements. Inquire with vancouvertownhouse.ca about all the benefits that are available before buying. You may be surprised at how much money you can recover.
Benefits of Moving in the Fall
Moving is also easier in the fall. The lower volumes make it more convenient to book movers. There’s less chance your furniture and appliances will be rained on—and the pleasant weather makes the task of packing and unpacking just a little less tedious.
Since demand is a bit lower in the fall, buyers and sellers are motivated, which means both parties are more open to compromise and negotiation. If a homeowner is not willing to budge on price, ask them if they’d be willing to negotiate on necessary repairs or upgrades. Property can move fast in the fall, since people typically want to settle in before the winter. Make sure to check listings and stay in touch with your realtor.
Before you start looking, think about your budget and the kind of house you want. Can you splurge, or are you going apply a little elbow grease to a fixer upper? To help define your budget, you may want to think about prequalifying for a loan. This way, you’ll be ready to act when that perfect home appears. In the event your bid doesn’t go through, don’t be too upset. There will always be new homes to see and explore.