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
Pricing >Different Markets
If you are going to sell your present home, the market conditions will play a crucial role in determining the asking price. Market conditions change constantly, so it is important that you get solid advice from a real estate professional who is familiar with your specific area.
A good real estate agent will know how quickly houses in your area are selling, and will be aware of other factors that may influence the sale. For example, nearby commercial development, which may create congestion and noise, may also mean a greater demand for housing from people who will be working in the new office buildings. A bus route that cuts commuting time could make your home more valuable, while major highways close by can be an issue for many buyers. The economic conditions have a strong impact on the real estate market. Real estate professionals can help you consider all of the issues and assist you in setting a fair price for your home.
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What are considered the ideal conditions for a seller's market?
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In a seller's market, prices are firm and good houses are sold before advertised or as soon as they show up in the MLS. |
 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
Phone 2: 970.708.2099
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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