There are many factors to consider when buying real estate, regardless of whether you are interested in a single-family home, a condo or investment property. But in Downtown Kingston, Ontario, timing can be key. Here is what we know.
The University Schedule
In Downtown Kingston, most rental properties have leases that run from May 1st to April 30th of the following year. For this reason, you will see a number of Downtown Kingston homes go up for sale in November and December that suggest a closing date of May 1st. Students are starting in November to look for accommodations for the following school year. Most often, these properties have leases in place that run to the end of April.
However, from January to June, we also see new owner occupied listings enter the market downtown, since many new faculty positions and resident programs begin in July. These are more likely to be Downtown Kingston homes suited to families and professionals and are a little farther from the Queen’s University District, yet still within walking distance to Queen’s, Kingston General Hospital and Downtown.
Setting Up Your Moving Timetable
For most Buyers, we find that it takes anywhere from 30-60 days to find the right home for their needs, and then another 30 to 90 days to close (longer timelines may be available on houses that are rented to students). With this in mind, my Team can help you put a strategic buying plan in place that accounts for your timeline and other personal needs.
Our priority is to ensure that from the minute you reach out to us to the date of the real estate closing, you feel confident in our approach. For more information about our results-driven purchasing strategy with Downtown Kingston homes, please contact us today.