September 28, 2017

The Benefits Of Off-Season Home Buying

Home buying activity traditionally peaks during the spring and summer months, tailing off in the fall. Most people would prefer to make a move during warm weather months, and families like to get settled in to a new home before school starts for their kids.

But slower sales activity can benefit those who choose to buy in the off-season. The workload slacks off for mortgage loan officers and underwriters, making approval and closing a quicker process. The same goes for real estate agents. You’re likely to get more undivided attention when things are slower.

As for the actual real estate market, the off-season is when the housing supply recharges. If  you’ve tried house shopping in the springtime, you know how fierce competition can be for desirable homes. It’s also easier to find building trade contractors to work on those fixer-uppers in the fall, because their peak season is ending too.

And it never hurts to take advantage of affordable low mortgage rates that are still available. This is really a rather remarkable run of near historic low rates we’ve had over the past several years. Contact a Lake Michigan Credit Union mortgage professional today to get pre-approved for a Guaranteed Low Mortgage Rate!** Visit to find a loan officer or call (844) 754-6280.

**Lake Michigan Credit Union will match legitimate competitor offers or credit the borrower $300 off closing costs. Our low rate guarantee cannot be combined with any other offers.