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Should You Get Into the Real Estate Market?


Two examples to help you decide if now is the time to enter the market.



 
Is now the time to buy a second home or investment property? Today I’m sharing recent examples of a client who bought a second home and one who bought an investment property to help you decide whether now’s the right time for you. 

" Average prices nationwide have increased by about 21%."


The pandemic made people need to stay home more, so many couldn’t wait to get away from home again when they could. A bunch of states had regulations, and plenty of hotels and airlines were closed for business. One of my clients looked into and recently closed on a second home about two and a half hours away in the desert. They have a pool, a different climate, a place to play tennis, ride motorbikes, and more. That’s what people are looking for—a place to drive away to and not have to rely on anyone or anything except transportation. 

Another client of mine just bought an investment property. When investing, you need to pay attention to the price point. Average prices nationwide have increased by about 21% to around $420,000. My clients purchased a duplex, which will have a positive return cash flow, and the amount of money they had to put into it was small. 

This is something to discuss with your financial planner and see how it may benefit you while the interest rates are still very low and there are multiple properties available for investors. There are currently more opportunities for investors because those who have been investing in real estate for a while are seeing such a rise in their equity that they’re taking advantage and selling, and you can benefit from that.

If you have any questions about buying a second home or investment property, feel free to reach out to us via phone, text, or email. We look forward to speaking with you. 

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