While the pundits determine whether the real estate market is plunging or recovering, buyers are in the unique position of looking at a glass that is half full, not half empty.Â When sales are slow, that’s actually a good thing for qualified buyers, and there has not been a better time to consider finally purchasing that vacation home.
Your second home is not a short-term investment, like those that have been “flipped” in recent years.Â Your vacation home is meant to be a long-term investment that pays big dividends not only in appreciation, but also in recreation and great family memories.
Today’s market allows you to take more time to do your research and make your decision.Â Start by connecting with a real estate agent in the area you’re interested in, and have them watch that market like a hawk to alert you to possible buying opportunities.
Don’t focus on what the market is doing now… look ahead and consider the value of your purchase several years from now.Â Because real estate nearly always appreciates, you can buy more home now than you could further down the line.
Property is still a terrific long-term investment, regardless of current market conditions.Â Knowing that you can always rent your second home might just prove to be a great strategy for making second home ownership a real possibility!
Bennington VT Real Estate, Buying