OBX Winter Home Purchase

Jeff Scott RealtyDiscover why winter is the perfect time to purchase an OBX home with a loan, no matter what interest rates do next.

Are you considering waiting for interest rates to drop? Think again. Here are a few scenarios that might change your mind.

Firstly, if rates do decrease, more people will be looking to buy Outer Banks real estate, causing increased competition. By purchasing now, you can avoid that competition altogether.

Additionally, if rates do drop, you have the option to refinance and take advantage of the lower rates.

Even if rates remain the same, buying now means you’ll beat the rush of buyers that typically occurs in the spring months, when OBX house viewings are at their busiest. This is because it’s difficult to view vacation rental homes when they’re occupied during the summer.

Buying in the spring also means you can start earning rental income right away.

On the other hand, if interest rates increase, you’ll have locked in both the house and the best possible rate.

Of course, buying a home in the Outer Banks is not a necessity. You can always continue to rent or stay in hotels. So, make sure you choose a home that you can envision creating happy memories in for years to come.

No matter when you’re ready to look at OBX property, we’ll be here to assist you. Thank you for letting us help you!

Check out this listing!

Jeff Scott with Scott Team Realty