Second-Home Market is Booming! Who, What, Why?The second-home market is booming. According to the National Association of Realtors, there were 2.82 million second-homes sold in 2004, up 16.3% from 2003 – accounting for more than one-third of residential transactions. Numerous factors are fueling this rise, and it is not just the affluent market that is… Read More
Baby Boomers Driving Second Home Sales
February 28, 2006 By Leave a Comment
Baby Boomers Drive Second-Home PurchasesApproximately 35% of all home sales in 2004 were second-home purchases, and baby boomers make up the majority of buyers for this growing trend. Boomers have both the means and the motivation to take advantage of the attractive housing market, and they represent a high percentage of the population. Boomers, who… Read More
Understanding Closing Costs
February 28, 2006 By Leave a Comment
Real estate closing costs explainedClosing costs can add thousands of dollars to the cost of a home, so it’s essential to know what to expect. RESPA stands for Real Estate Settlement Procedures Act, which requires lenders to disclose information to potential customers throughout the mortgage process. Lending institutions must fully inform borrowers about all closing… Read More
Making an Offer
February 28, 2006 By Leave a Comment
Making an offer on your homeYou find a new home. You decide to make a real estate purchase. You make an offer? Easy. Right? Not always. The advice below will help guide you through this process. If you are purchasing a new construction home or condominium, you have it easy. You pay what they ask…. Read More
