The temperatures are dropping here on Chicago’s North Shore and we all know where we’re headed— yes, the cold season is nearly here!
Winter brings many great things to Chicago’s North Shore, 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 Glencoe, Winnetka, Highland Park, Deerfield, Northbrook, Lake Forest, Wilmette, Evanston, Glenview, Riverwoods, Bannockburn, and the surrounding North Shore communities, now is the time to get started. I have decades of real estate experience to help you find your dream home before winter and enjoy the upcoming holiday season in your new surroundings.
North Shore 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. If you missed buying a home at a low rate in the past, don’t wait any longer! Mortgage rates are projected to increase and could be up as much as a full percentage point by the end of next year.
The Process
In past blog posts, I’ve discussed the mortgage process and how you can better prepare yourself to buy. However, during the holiday season, the entire 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 Glencoe, Winnetka, Highland Park, Deerfield, Northbrook, Lake Forest, Wilmette, Evanston, Glenview, Riverwoods, Bannockburn, and the surrounding North Shore communities could mean edging yourself out of a great deal.
There is no time like the present to purchase a home, whether you’re moving up, moving down or simply moving to a new area. I’m happy to help you every step of the way to ensure you’re in a new home before the winter season arrives.
Contact me today!
Janie Bress
Your North Shore Real Estate Expert
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