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The real estate market is on the rebound and many of our clients are deciding that now is the time to make a move on buying their vacation home or retirement property. With interest rates staying low, it may be a good time to consider your options. Here are some helpful tips to help guide you in your search for a second home.
- Can you afford it?
- Where is the best location for you to make it your “weekend” getaway?
- Who will care for the property when it is not in use?
- How many years will you keep this home?
Schedule a call with a loan officer
Always consider the financial needs of your family. In some cases it makes sense to take cash out of another property to give you purchasing power in the current market. When the supply is low and the demand is high, much like today, it’s a great idea to separate your offer from the competition.