Now is. With Labour Day weekend behind us, the summer real estate market in cottage country is officially over. The leaves are changing colours and the temperatures are dropping, but for potential buyers of cottage real estate who love a good bargain, fall is a great time to buy country property. Buying a cottage in any of Ontario’s four seasons comes with benefits and drawbacks. The fall season is a great time of year to buy a cottage for several reasons:
Many Sellers have not sold their cottages yet, especially in this summer’s buyer’s market. The sellers are motivated to sell their cottage as they do not want to carry the costs of a second home they are trying to sell through another winter. With this in mind, these sellers are even more desperate to sell their properties than they were at the beginning of the summer (and probably more receptive to offers below their asking price).
In addition to a better negotiating position, potential buyers will see the water levels at their lowest point before the lakes and rivers freeze, so you can see what low water levels will look like at potential waterfront properties.
And finally, as the leaves begin to fall off the trees, potential buyers will see what the privacy levels will be like at their lowest. What may seem like a private oasis in July may seem completely different when there are no leaves to provide a buffer from the neighbours. This is truly important if you are looking for a four season recreational property as you will be using the cottage during the winter, which, in my opinion is the most fun time to play at the cottage!
Whatever the season you go cottage hunting in, make sure you use a Realtor from the area you are interested in buying a cottage or recreational home from. They should be knowledgeable about the area and local trends whether it is dropping water levels or new zoning legislation.
If you are looking for a recreational home and have questions, concerns or just want some help locating potential properties, contact me directly: