Whos Buying Second Homes?
The second home market for buyers is fantastic right now. Even though sales of vacation homes have dropped 30.8 percent, the demand for second homes still remains favorable because a large segment of the population is in the prime age group for buying vacation or investment property and prices have dropped. Most people become interested in buying a second home in their forties, but there are 40.7 million people in their thirties who also own vacation homes. For more information on buying a second home, contact your local Realtor. 2:46 pm cdt Wednesday, May 6, 2009 When is a Short Sale Contract Accepted? I’ve been doing a lot of short sale representation lately, for both buyer and seller. The question always comes up as to when the offer is accepted. The term “pre-foreclosure” is very deceiving, and frankly, there’s really no such thing. You’re either in the foreclosure process, or you’re not. When a short sale occurs, the Seller is still the owner of the property, so when the owner as
