April 14, 2009

This Could Be the Best Time to Buy Your Vacation Property

Low prices and low mortgage rates make this a good time to buy a second home

Now may be the best time in years to buy a vacation property. Not only can you buy it as a second home, but you can also use it as a rental property, earning income on it when you aren't using it. Steamboat Springs real estate blog reports on a RISMedia article about the benefits of buying a vacation property now:

Home prices are lower than they have been for years.
There is a boom in the vacation home rental market.
People are more realistic about the realities of renting a vacation property.
Real estate is a sound long-term investment.
It is now mainstream for owners to rent their vacation property out.

Additionally, you can get good mortgage interest rates on a vacation home mortgage. While the mortgage rates aren't as good as those on a primary residence, they are nevertheless lower than they have been for years.

Topic Tags: mortgage rates, real estate, real estate blog, second home, Steamboat Springs real estate, vacation home rental, vacation property, vacation rental

by John Helmering

↑top

link to this

Share |

Post a Comment

Title:

Summary:

Comment:

Links:

Your info:

Name:		Required; will be displayed with comment.
E-mail:		Required (in case we need to contact you); will NOT be displayed with comment.
Web:		Optional; will use to hyperlink your name in the comment.
Twitter:		Optional; allows visitors to follow you on Twitter.
Save this in my browser

Verification:

Type the characters you see in the picture above.

Letters are case sensitive.

Notice: Your thoughtful opinions are valued and encouraged, but all comments are moderated so there will be a delay between the time you post your comment and when it appears in this site. Please don't be offended if your comment is edited for clarity or to avoid questionable matters. Offensive or off-topic comments will be deleted.