Buyers more likely to get a better deal as most sellers are serious about closing a deal before peak season starts.
Investors looking to buy a holiday home should do so in the peace and stillness of off-season, says Barbara Larney, broker/ owner of Re/Max Town and Country in Hermanus.
When the crowds of holidaymakers are away, buyers can get a better idea of what an area has to offer and are also more likely to get a better deal as most sellers are serious about closing a deal before peak season starts.
Buyers should also remember that it takes, on average, about three months from the date of sale before a property is registered in the new owner’s name.
“It’s a good idea to start shopping at the beginning of the winter so that, if all goes well, you will be able to move into the home just before the peak summer season starts,” says Larney.
Those looking for an area in which to buy a holiday home should also remember that if the property is more than two hours’ drive from their primary residence, they won’t visit as often.
“The property then becomes a maintenance issue instead of an enjoyable place in which to spend your holiday.