California Apartments and Homes Blog

According to the National Association of Realtors, vacation home sales increased, and their numbers are even higher than the sale of primary residences. As per their report, vacation homes sales have increased by 7.9%. Primary residence property sales, on the other hand, have increased only 7.1%. Right now, people who are buying these residences in the Colorado Springs or Denver area are buying because they wanted a vacation home. The numbers have spoken: the investment property sales decreased by 15.9% across the country.

Lawrence Yun, Chief Economist of the National Association of Realtors, said and I quote, “The typical vacation home buyer is making a lifestyle choice, with 9 out of 10 saying that they intend to use the property for vacations or as family retreat. Investment buyers primarily seek rental income, with 6 in every 10 people planning to rent to others, although 1 in 5 wants a family member, friend or relative to use the home.”

Are you interested in buying a second home? Will you use that home to make more money as an investment property or would you use it as your family getaway home? No doubt, you will get to see and find beautiful, affordable propertieds available for you to buy. This is actually the reason why a lot of people are considering buying this property.

Second home buyers are quite popular investors. Most of these people are looking for vacation properties to invest in. This is why cabins and resort community homes are in demand. Most of these properties are low priced due to foreclosure. If you think you are the only one looking for these kinds of properties, think again. There are actually a lot of investors looking to invest in properties like these.

If you want to have an in-depth knowledge of these things, contact your mortgage lender. They can give you all the information you will need and provide you with all the mortgage tools you can take advantage of. They can give you access to an all-inclusive mortgage calculator that will give you the details you will need to be able to get a home loan for a second home. Now is the perfect time to start investing. Start moving now and get your getaway vacation home!