Real Estate
Retirement home sales happen to be increasing throughout the last several years with more people becoming second home owners. In 2005 alone, Forty percent from the homes sold were second homes. Demographics, historical low mortgage rates, and healthy increase in home prices have contributed to this development in the next market. Besides these, a significant component which includes helped augment the buying and selling of second homes will be the real estate professional.
Real Estate
The National Association of Realtors conducted research about the profile of second-home owners in 2006. In line with the NAR report entitled '2006 Profile of Second-Home Owners', most second home sales transactions are conducted employing real estate professionals.
Real Estate
The statistics are remarkable; 64 % of vacation homeowners purchased their property engaging with a realtor in the end of 2005 - a marked increase from lower than Fifty percent of vacation-home buyers in 2003. Also, 60 % of investment-home buyers purchased their property by using a realtor - a growth from 53 % of pre-2003. In contrast, only Fourteen percent of vacation-home buyers and Seven percent of investment-home buyers purchased straight from builders from 2003 to 2005.
The growing role with the real estate professional is clear in the following figures:
1. Of vacation home sales made, 71 % of these were second homes and 74 % of the sales were made employing an agent.
2. Of the investment properties sold, 85 % of which were used and 62 % from the sales were made using the services of a real estate agent.
The usage of real estate professionals in second home sales transactions varied based on the home' location.
1. Buyers used a realtor more frequently while buying a vacation home located in a suburb/subdivision (56 %) or a province (57 %) compared to homes in areas.
2. About 66 % of buyers who purchased a great investment property in an urban/central city area or in a suburb/subdivision, used the services of an agent more frequently than people who obtained a home in areas.
Property professionals continue to be the very first way to obtain information to second-home buyers (38 % of vacation-home buyers and 34 % of investment-home buyers). Real estate professional also plays a significant role when second-home owners intend to buy additional properties. If you are contemplating buying a second home or vacation home, search for the assistance of a realtor that will help you using your next home purchase.
1. The proportion of retirement home owners who are prone to make use of a agent within their next home purchase is quite high. Among vacation-home owners it really is 79 % and investment-home owners 73 %.
2. Among vacation home owners, 60 % of vacation-home owners and 64% of investment-property owners are more likely to work with a realtor inside their next home sales.
Given these statistics, it is no wonder that the real estate agent plays a pivotal role in aiding find and then sell second homes. So whether you are a second-home buyer or seller, enlist the expertise of an agent for any smooth, hassle free property transaction.
Real Estate
The National Association of Realtors conducted research about the profile of second-home owners in 2006. In line with the NAR report entitled '2006 Profile of Second-Home Owners', most second home sales transactions are conducted employing real estate professionals.
Real Estate
The statistics are remarkable; 64 % of vacation homeowners purchased their property engaging with a realtor in the end of 2005 - a marked increase from lower than Fifty percent of vacation-home buyers in 2003. Also, 60 % of investment-home buyers purchased their property by using a realtor - a growth from 53 % of pre-2003. In contrast, only Fourteen percent of vacation-home buyers and Seven percent of investment-home buyers purchased straight from builders from 2003 to 2005.
The growing role with the real estate professional is clear in the following figures:
1. Of vacation home sales made, 71 % of these were second homes and 74 % of the sales were made employing an agent.
2. Of the investment properties sold, 85 % of which were used and 62 % from the sales were made using the services of a real estate agent.
The usage of real estate professionals in second home sales transactions varied based on the home' location.
1. Buyers used a realtor more frequently while buying a vacation home located in a suburb/subdivision (56 %) or a province (57 %) compared to homes in areas.
2. About 66 % of buyers who purchased a great investment property in an urban/central city area or in a suburb/subdivision, used the services of an agent more frequently than people who obtained a home in areas.
Property professionals continue to be the very first way to obtain information to second-home buyers (38 % of vacation-home buyers and 34 % of investment-home buyers). Real estate professional also plays a significant role when second-home owners intend to buy additional properties. If you are contemplating buying a second home or vacation home, search for the assistance of a realtor that will help you using your next home purchase.
1. The proportion of retirement home owners who are prone to make use of a agent within their next home purchase is quite high. Among vacation-home owners it really is 79 % and investment-home owners 73 %.
2. Among vacation home owners, 60 % of vacation-home owners and 64% of investment-property owners are more likely to work with a realtor inside their next home sales.
Given these statistics, it is no wonder that the real estate agent plays a pivotal role in aiding find and then sell second homes. So whether you are a second-home buyer or seller, enlist the expertise of an agent for any smooth, hassle free property transaction.