3 reasons why spring is an ideal time to buy a vacation home
While it still doesn’t quite feel like spring, the spring real estate market is already well underway. And with the peak season for housing in full swing, it’s an opportune time for buyers and sellers to make a move.
The timing is particularly ideal for anyone considering purchasing a home in two of our favorite summertime destinations: Harbor Country, Mich. and Lake Geneva, Wisc.
Move in by summer
While both Harbor Country and Lake Geneva offer year ‘round enjoyment, there’s no better time to experience these two lakefront locales than summer.
From picturesque beaches and outdoor concerts to breweries and wineries, there’s endless possibilities for relaxation, recreation and fun for all ages.
Buying a home this spring ensures you’ll be settled in for all the exciting warm weather activities ahead.
Spring market is hot
Spring tends to be the busiest time of year for housing, and the markets are heating up from shore to shore. In fact, we’re seeing many multi-million-dollar listings start to move off the market, and lower price points continue to sell quickly.
With a strong transaction climate, there are opportunities for home buyers and sellers alike.
Interest rates are still low…for now
While mortgage interest rates are on the rise, they remain low by historical standards. Buyers still have an opportunity to get a mortgage in the 4% range, which is a steal (Throughout the 1990s rates were in the 7% to 8% range, and in the 1970s and ‘80s they were double digits).
If you’re thinking about making a purchase this spring, check out our tips for buying a home. For other information about buying and selling a home, don’t hesitate to contact a broker.
Featured Photo: 721 North Shore Drive, South Haven, MI