There are many questions when it comes to investing in real estate today one of which is, is it a good time to invest in vacation real estate? Currently it is a buyer’s market almost anywhere in the Country. If you can acquire financing or have the extra cash to invest, real estate has always been seen as a good investment because while it may take its dips, historically it has always rebounded. Many signs point to it being a great time to invest in vacation real estate. These signs include:
• Low interest rates
• A drop in home values
• Fewer buyers, therefore less competitive market place
• Lower property taxes due to drop in home values
• Higher inventory, therefore more homes to choose from
If you have been wanting to purchase or invest in a second home there hasn’t been a more attractive time to purchase vacation real estate in quite some time.