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The Who, Why and Where of Vacation Home Purchases

According to a NAR survey, typical buyer of a vacation home in 2006 was 44 years old, with a median household income of $102,200. When it comes to deciding how far a getaway would be, 42 percent purchased vacation homes …

New Construction: Developer or Custom Built?

For some people, there’s simply nothing like moving in to a new home. Everything’s new, fresh and entirely “you” from top to bottom. Many builders also offer warranties, adding peace of mind to your enjoyment. That said, you have a …

Is Purchasing a Foreclosure in Your Future

Is it possible that the cloud of foreclosure activity could have a silver lining? The combination of favorable mortgage interest and the increased availability of foreclosed properties – according to the websiteRealtyTrac.com, about three million in 2009 – lead many …

Should You Rent Your Second Home?

Many buyers of second homes consider renting for all or part of a year to help defray expenses and perhaps even produce a profit. Renting is an option, here are some aspects of being a full or part-time landlord that …

Does Renting Make Sense for You?

Right about now, you may be saying to yourself ‘ERA is a global network of real estate offices. Of course they’re going to tell me that owning a home is better than renting.’ Well, almost always. ERA has been successful …

Investment Home Buyers Paint a Different Picture

According to the NAR survey, buyers of homes purchased solely for investment last year were somewhat younger and less affluent than vacation home buyers, with a median age of 39 and a median household income of $90,250. As you might …

Consideration When Buying Land

To paraphrase Will Rogers, put your money in land, because they’re not making any more of it. But did Will give sound advice? If you’re considering the purchase of a piece of property as the site for a vacation getaway, …

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