Owning a Second Home Couldn't Come at a Better Time!

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Everyone is wary at least somewhat about the current real estate market – whether it is a couple who has recently lost their main source of income, a retired individual whose family home needs major repairs or a new family looking to establish themselves in a new home but can’t afford to make the down payment. But if you’re one of the fortunate  ones who can look past what will be a passing phase through our real estate history, then your timing couldn’t be better to consider purchasing a second property. Here are a few key reasons that make investing in additional properties now an excellent choice:


Many Exceptional Properties to Choose From

The sheer numbers of gorgeous properties that are available out there is reason enough for someone in the market for a new or second home to grab the chance to go for it! With a plethora of luxury condominiums, charming town homes, picturesque golf properties and country estates that will leave you breathless – this IS the time to shop because now there are so many choices and an even greater variety within those choices.

Super Low Interest Rates That Will Lock In For Life

Interest rates are one of those things that you will end up living with for almost your entire adult life – or at least a significant part of it. With the fantastic opportunity to get the lowest rates ever on homes and properties, anyone even remotely interested or considering purchasing another would be hard-pressed not to avail the amazing chance to come out on top without paying nearly as much as normal.

Now, More Than Ever, Who Doesn’t Want to Spice Up Their Life?

Ten years ago, people were heavily into flipping homes, trying to strike while the iron was hot, so to speak, on getting cheap properties and then fixing them up for resale. That phenomenon has since died down significantly, but unlike that time when people were throwing cash around and also spending heavily on other areas in life – the trends have changed tremendously. Now, instead of vacationing in far-away places, people are opting for more economical choices. Supplemental income sources are also a great reason that people are changing the way they live and operate in terms of property ownership. Investing in a rental property, second home or a vacation home is a great way to enhance lives and, in the long run, offer affordable yet very comfortable vacation or income supplementing options.
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The rough times of today will most definitely blow over and soon enough the real estate woes being experienced by many will be a thing of the past. For many people, the advantages the market presents for buyers looking to purchase despite the current economic downturn are an opportunity too good to pass up. If you can, invest now and reap the long-lasting benefits for years to come. The real estate market in 2012, or at least eventually, will emerge on top holding many promising prospects for everyone in the home and property buying arena!

Thinking of Buying or Selling? You Picked a GREAT Time!

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It’s no secret that after 2007 for a few years it got a little rough in terms of the real estate market. Lenders were going through some major problems, millions of homeowners were reeling from the aftereffects of a really bad mortgage crisis and it just didn’t seem that there was any relief in sight.

But today is another story. If you look at our marketplace now, you will see nothing but improvement across the board. We are experiencing increases and improvements in many areas right here in our local area. Sales are up, inventory is down, it’s taking less time to sell the homes that are on the market and generally – everybody’s happy.

Buyer-Centric Marketplace Keeps Going Strong

So what makes this a great time for buyers? Buyers are still able to enjoy the historically low interest rates that have been around for a while now and are expected to stick around until at least the end of next year. Banks have money and they are finally willing to lend it again. Our improved economy – regardless of whether it’s because of the Presidential election or not, also helps to boost the housing market.

Sellers Enjoying Market Ripe for Opportunity

Sellers also have a great environment right now. There are a lot of first time homebuyers out there right now, eager to lock in super low interest rates on 30-year fixed rate mortgages. There are also a lot of veteran homebuyers wanting to take advantage of the same low rates to upgrade (or downsize).

Yet another factor that impacts the current marketplace is that appraisers are finally coming around after years of being extra cautious when determining home values. We all know that increased home values equals higher prices and higher prices means better returns on the sale of your home.
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These are just a few of the very basic benefits of buying and selling right now; I invite you to come into our office to learn of how this can impact you directly. I look forward to serving you and making your real estate goals become a reality!