5 Reasons To Buy A Second Home Now
November 23, 2011
If you already own a house, you probably have a pretty good idea about the rights, responsibilities, and financial obligations of homeownership. And if your experience as a homeowner has been a generally positive one, you might have toyed with the idea of buying a second piece of property.
Why should you consider buying a second home? Four reasons spring to mind: finances, fun, family and the future.
A rental property can boost your finances, giving you cash flow each month. A vacation home can be loads of fun, serving as a nice getaway spot for you and your loved ones. Many people buy property for family members, too, including investment buildings that are rented out and later sold when their heirs come of age. Lastly, you can buy a second home for your golden years, locking in your future retirement home at today’s prices.
Oh, and there’s one other reason to purchase a second home sooner rather than later: With the soft real estate market nationwide, right now you can get a real bargain on a home.
According to the National Association of Realtors, in June 2010, the median national price for an existing home averaged $183,700.
“Buyers can still take advantage of today’s low interest rates and competitive prices to get a home they may not have been able to purchase just a few years ago,” says Bob Jones, chairman of the National Association of Home Builders and a developer in Bloomfield Hills, Mich.
Of course, purchasing a house is a huge financial commitment, and one that shouldn’t be taken lightly. So here are some pointers to keep in mind if you do decide that a beautiful beachfront residence or even a cozy cabin in the woods is in your future. [Read more]
Incline Village, Reno, Sparks, Washoe County Housing Report September 2011
November 19, 2011
Source: Washoe County Assessor
Northern Nevada Market Condition Report As Of October 11th
November 17, 2011
MCR October 2011 with Commentary (2)
Market report contains information regarding single family residence sales in Reno, Sparks, and Carson City Nevada.
Year To Date Record Of Home Sales For Incline Village/Reno/Sparks Nevada
October 31, 2011
This report for Washoe County shows the cumulative, monthly sales statistics for new and existing homes.
Businessweek says Reno is 44th best city in America
September 24, 2011
Despite a high foreclosure and unemployment rate, Reno took the 44th spot on a Bloomberg/Businessweek list of “America’s 50 Best Cities.” FULL ARTICLE »
