Cowichan Lake Homes Still on the Market After 90 Days
Out Here, 90 Days Is Often Just the CalendarCowichan Lake homes still on the market after 90 days need to be read differently from the same list in Duncan or Nanaimo. In town, three months usually means something is wrong. On this lake, three months can simply mean the property was listed in autumn and the buyers are not out here yet.
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The buyer pool is the reason. A lake property here is often bought by somebody from Victoria, Nanaimo or the Lower Mainland who comes out for a weekend, and that traffic falls off sharply between October and March. Acreages and anything unusual take longer again, because the pool of people who want five treed acres on a well is smaller still.
That said, a long listing is still a question worth asking. I want to know whether a sale fell apart and why, whether the well or the septic turned up something in a previous inspection, and whether the road access has ever been a sticking point. On lake properties those three things account for most collapsed deals out here.
I also check whether the listing was cancelled and relisted to reset the day count, because that is common and it hides the real history. If the property has genuinely been sitting since spring and the reason is price rather than season, the seller has usually reached the point where a serious offer with clean terms gets a serious answer.