The Time to Buy Your Vacation Home is Now

Verani Realty

lake shoreReal estate in general is seen as a more attractive investment right now, but should you consider buying a vacation property in winter? It is actually wiser to shop for a vacation home now. Here are three reasons why you should consider buying now:

  1. Rates are at historic lows, but that is expected to change this year. Last month, the Federal Reserve raised interest rates from the funds target rate of 0.5% to 0.75%. Plus, Federal Reserve officials intend to issue three more rate hikes in 2017. So the time to buy is now.
  2. It is winter, so most potential buyers may be waiting for spring to begin their search. Winter home buying is for serious buyers who want to find great deal.
  3. Price and a seller's willingness to negotiate: when it is the middle of winter and there are less buyers looking, a vacation home on the lake can sit on the market until spring. Sellers who want to close before then are more willing to consider other offers and negotiate.

Also, vacation homes and investment property is a hot commodity when the weather gets warm in the Granite State. New Hampshire is home to many retirees or those with retirement on the horizon. Baby boomers are reaching the age that makes them consider a moveā€“like downsizing and moving to a part of the state where they love to vacation. NH Lake homes, with their proximity to many ski resorts, and those on the seacoast, with their quick commute to Boston, are areas attractive to buyers.

Another consideration is rising home prices. A typical home price tends to rise around 3% to 5% per year. Closings in January and February usually provide the best pricing for home buyers, meaning that buyers get the best deal when they get the home under contract in winter.

Whether you're a skier who loves the mountain slopes of the North Country, or a lover of the beaches at Rye, North Hampton, or Hampton, or a potential retiree seeking to retire by the lake and enjoy fishing and boat rides launched from your own private dock, there are homes available to meet a wide range of budgets.

So, if you are planning on buying a vacation home in the coming year, it might be wise to start shopping while the snow is still on the ground in order to get the best deal, the best interest rate and beat out the competition. Talk to a Realtor who understands the NH vacation home real estate market because the time to look for your dream vacation home is now.

Talk with one of our trusted real estate advisors to find the perfect vacation home!

Previous PostNext Post




MLS Property Information Network. Inc. The Total Listing Service
Neren MLS New England Real Estate Network
Maine IDX
Equal Housing Opportunity

©2020 MLS Property Information Network, Inc; The information in this listing was gathered from third party resources including the seller and public records. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. 
Copyright 2020 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated August 7, 2020. 

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2020 Maine Real Estate Information System, Inc. All Rights Reserved

© 2020 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity. View our Privacy Policy

Website Powered by Real Estate Web Solutions

©2020 Real Estate Web Solutions, LLC. All rights reserved. realOMS Login | Switch Mobile Site | Browse Listings