Friday, October 15, 2021

Should You Buy a Lexington MA Home Before Winter?

Winter brings many great things to the Lexington MA area, but an ideal moving scenario is not one of them. And while you can indeed buy a home during the winter season, it’s important to note that the process can take longer than usual. If you’re on the fence about buying a home in Lexington MA, now is the time to get started. 

Lexington MA homebuyers should be sure to take the following into consideration in their decision to buy before winter:

Mortgage Rates

We’re still seeing record lows for mortgage rates, with most sitting well below four percent. Mortgage rates are projected to increase and could be up as much as a full percentage point by the end of next year, so don't wait!

The Process

During the holiday season, the mortgage process tends to slow down. With all of the paperwork necessary, the lender and your timing, it can take much longer for everything to come together than it would be if you purchased a home now.

Home Prices

Home prices, like mortgage rates, are on the rise! In fact, one of the reasons many home sellers are now ready to move is due to these higher prices. Waiting to buy a home in Lexington MA could mean edging yourself out of a great deal.

I am happy to help you every step of the way to ensure you’re in a new home before the winter season arrives.

Give me a call today!

Theresa D'Antuono