One of the most frequently asked questions Realtors are asked is, when is the best time of year to buy a cottage?
Buying a cottage in the winter is not recommended. First, there are very few listings this time of year as Muskoka and other cottage country real estate markets slow in the winter.
If an owner is not using their cottage for themselves, they are likely carting children to arenas, hitting the slopes or sunning themselves elsewhere during winter months. Aside from that, there are many reasons why it is not best practice to buy waterfront property in the winter.
Buying a Cottage in Winter - Pitfalls
Are the waters in and around the boathouse and docks bubbled allowing you to see the depth and type of bottom? Drilling holes in the ice and relying on lake charts is not nearly as accurate a tell as seeing with our own eyes.
State of the Property
What are the lands like?
The coniferous trees on the property will appear to be in good health during the winter but you won’t know if the deciduous trees are unhealthy or even dead. An arborist may need to be called.
The Cottage and Structures
Water lines, hot water tanks and hot tubs may be shut down for the winter and need to be activated to be inspected properly. The water intake line usually has a pyrotechnics line which, if not activated, will need to be tested. Testing an irrigation system in the deep freeze is impossible. Also, air conditioning units will be covered with tarps and possibly piles of snow preventing them from view.
If you are buying and closing a real estate deal in the winter the clauses inserted in the offer protecting you from deficiencies are going to be numerous, something any knowledgeable, reliable agent will suggest. It is also important that warranties and representations be made and getting your hands on recent summer photographs of the property is essential. Meeting and speaking with contractors, plumbers or the caretaker of the property can be helpful.
Properties For Sale in Winter
Buying with the Best Realtors in Cottage Country
Hiring a local, knowledgable Realtor is critical in advising on the quality of the land, lake, shoreline, access, and if applicable, the feasibility of redevelopment. Based on their local knowledge and the buyers needs, The Janssen Group can determine if a waterfront property is ideal, ultimately saving buyers from making mistakes, even during a winter purchase.
A local experienced Buyer’s Agent works in your best interest. Reach out to The Janssen Group of professional Realtors to assist you with all your real estate needs today!
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