Why Fall is a Great Time to Buy and Sell in Westchester

As the leaves begin to change color and the temperature starts to dip, many people think of pumpkin spice lattes and Halloween bonfires. However, Fall is also an excellent time to buy or sell a house! Check out these reasons why Fall is a great time to buy and sell in Westchester.

1. The Weather is Still Nice: Unlike in the winter, you won’t have to worry about frozen pipes or deal with icy sidewalks in the fall. The weather is perfect for moving — not too hot and not too cold. You can also take advantage of the beautiful autumn foliage by scheduling open houses on weekends when people are out and about enjoying the weather.

2. Families Are Looking to Move Before the Holidays: Fall is a popular time for families to move because they want to be settled into their new home before the hustle and bustle of the holiday season begins. This means that there are plenty of potential buyers looking for houses during this time of year.

3. Mortgage Interest Rates Will Be Going Up: Mortgage interest rates have been on the rise over the past few months, and they are expected to continue to do so, but they are still relatively low compared to historical averages. This makes now a great time to lock in an interest rate if you’re thinking of buying a house.  Many buyers are looking into Adjustable Rate Mortgages that offer a considerable discount on the interest rate.

4. There is Less Competition: In many markets, there are more sellers than buyers during the spring and summer months. However, this trend reverses in the Fall, as many people wait until after they’ve moved to put their house on the market. This means that there is less competition from other sellers, making it easier for your house to stand out.

If you’re thinking of buying or selling a house in Westchester, don’t wait! Fall is an excellent time to take advantage of favorable conditions in the housing market. From locking in mortgage interest rates to less competition from other sellers, now is the time to make your move!