Thinking of Vacation or Retirement Home? Buy it Now!
By Noemi Cardoso, Providing value to Buyers and Sellers since 2005
(Seven Gables Real Estate - Office in Tustin, Anaheim and Orange)
by The KCM Crew When the economy was exploding in the early 2000s, many of us began to dream about purchasing that vacation home on the lake or securing a home in a more appropriate location for our retirement years. However, with the booming economy came skyrocketing house prices. Many of the homes we fell in love with quickly became out of reach financially. Perhaps we should take a second look at these same homes today. With prices dropping by over 30% in some markets and with interest rates at historic lows, this may be the perfect time to do what we and our families have always dreamt of doing – buying that second home. Let’s look at the numbers. Back in 2006 we may have seen the ‘perfect’ home but the $500,000 price tag was just out of reach. Today, we could probably get that home...
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