If you’re lucky enough to be considering a second home purchase, you just may want to pull the trigger this fall. Industry experts suggest that the cooler months of October, November and December are the best time to settle on a vacation home, as prices tend to be lower. Plus, the supply of homes for sale tends to increase in the fall, as homeowners like to squeeze every last weekend out of summer rental income.
And with rock-bottom mortgage rates, financing a vacation home is cheaper than ever! Borrowers are currently locking in rates as low as 3.5% for a 30-year fixed rate loan. If you’re home hunting on a budget, be sure to check out our favorite affordable beach towns.
EveryHome is pleased to be licensed in New Jersey, Maryland, and Delaware, and we’d love the opportunity to show you around our favorite beach towns! To be introduced to a local agent, be sure to give us a call at (215) 699-5555.