If you have visions of long summer weekends at a country or beach house, now is the ideal time to purchase your second home. Not only do low mortgage rates and affordable prices provide amazing opportunities for vacation-home buyers, but those who buy now can close on their home in enough time to enjoy it this summer.
Here are some reasons why the time is right to invest in a second home:
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Prices and mortgage rates are about as low as they go. Today’s buyers can get a lot more for their money than they could in the past — and will in the very near future. This might be the best chance for you to make a vacation home a reality.
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There are a lot of great homes to choose from. In a buyer’s market, you have a greater selection of homes to consider, and it is more likely that you will find a home that has most of the features you want.
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A vacation home tends to be a good long-term investment, and has the ability to pay for itself if you choose to rent it out. By purchasing your second home now, you will have time to prepare your home for this summer’s rental season.
