A vacation home is a place to relax and enjoy. Over three-quarters of all investment and vacation homes are single-family homes. Today’s rising new trend is to have a vacation home across the country or even internationally as opposed to the traditional trend to have a vacation home within a two-hour drive from your primary home. Here are some good reasons to buy a vacation or investment home: Some of the reasons for the new trends are.
• Affordable Travel – including Air travel nationally and internationally
• Communications such as the Internet, laptops and cell phones keep you connected to work or home
• Local weather or local climate may not be what you are looking for when you vacation. Some Second-Home Owners statistics are:
• Three-quarters are married couples and less than half of those primary residences are located in suburban areas
• Second-home buyers select their real estate agent more carefully then first home buyers by about 20%
• Fewer second-home buyers use the Internet for their second-home by almost 10%.
Why a second-home? ° A place for relaxation and enjoy themselves
° Second-home purchases are mainly looking for
° Gaining property appreciation potential
° Rental Income
° Tax savings
° Diversifying investments.
Location, activities, cost and insurance availability also figure into the consideration for purchasing a second-home.
If your second-home is a vacation home it allows you to go to a familiar place that is away from your daily lives. Income or investment properties are acquired with the anticipation of rental income or the second home appreciating over time for financial gain.  For Telluride and Mountain View real estate market updates and information click here
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Accepting An Offer >Purchase Negotiations
If you are selling your home, you should be prepared for the day your first offer comes in. When your real estate agent calls to say there is an offer on your home, you will naturally get excited. When your agent describes the offer, you will probably experience an adrenaline rush. Whether the offer is good or bad, you should just remain calm--and discuss a counter-offer with your agent. The negotiations of a purchase begin with the buyer's ideal terms and a counter offer that communicates the seller's ideal terms.
A good agent will look beyond the price when evaluating an offer. If the buyers' financial qualifications are shaky or the offer includes potentially problematic terms or conditions, your real estate agent should be there to minimize any risk to you and to address these items in your counter-offer. Your agent's job is not to make a decision for you, but to be sure that you understand fully what the offer includes and what is expected.
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| Q |
Lenders in 14 states--California, New York, Oregon, Utah, Vermont and Wisconsin and 9 others--have what in common?
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Lender in these states must pay interest on funds held in escrow accounts. |
 See More Real Estate Trivia > |
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Betty Cutler Favier
Peaks Real Estate Sothebys International
136 Country Club Drive
Telluride, CO 81435
Phone 1: 800-737-9621
Fax: 970.692.8427
bcf@TellurideRealEstateOnline.com
Betty has 24 years of experience helping people buy and sell their homes. Listening to her clients, ongoing education in industry standards and trends, and a high level of confidentiality and professionalism have built a real estate business of long term relationships and referrals.  
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