Is Now a Good Time to Buy a Second Home?

by Kitty Bernard 12/01/2019

Although you might already own a house, now may prove to be a good time to pursue a second residence. For example, if you have always wanted to own a home in the mountains, you can purchase a second residence to make your dream come true. On the other hand, if you want to own a vacation residence on or near the beach, you could enter the housing market to find a beachfront house that suits you perfectly.

Like any home search, finding a second house that matches your expectations may be difficult. Fortunately, there are lots of things you can do to streamline your quest to find a second home, such as:

1. Evaluate Your Finances

Your finances will play a significant role in your ability to purchase any house, at any time. As you get set to pursue a second home, examine your finances closely. Then, you can map out your home search accordingly.

Generally, it helps to consult with banks and credit unions before you launch the search. If you meet with these institutions, you can gain financial insights that you can use to make an informed purchase.

2. Establish Home Buying Criteria

Think about the features you want to find in a second residence. Next, you can craft home buying criteria.

Once you have home buying criteria in hand, you can narrow your house search, too. By honing your home search to residences in specific cities and towns, you can speed up your quest to find the right home at the right price.

It often helps to maintain flexibility as you conduct a search for a second home as well. If necessary, you can modify your home buying criteria throughout the home buying journey.

3. Hire a Real Estate Agent

There is no reason to enter the housing market on your own. Thankfully, real estate agents are available in cities and towns nationwide, and these housing market experts can help you quickly and effortlessly acquire a second residence.

A real estate agent understands what it takes to navigate the home buying journey. This housing market professional first will learn about you and your home buying goals. He or she next will craft a custom home buying strategy based on your individual needs. Finally, a real estate agent will put this strategy into action and ensure you can discover a terrific home at an affordable price.

Furthermore, a real estate agent takes the guesswork out of buying a second home. If you are unsure about whether to submit an offer to purchase a particular residence, a real estate agent can offer a data-driven recommendation. Or, if you have concerns or questions at any point during the home buying journey, a real estate agent is prepared to respond to them.

If you want to pursue a second house, it helps to plan ahead for the home buying journey. By using these tips, you should have no trouble finding a second home that you can enjoy for years to come.

About the Author
Author

Kitty Bernard

Welcome to my website, your number one source for Reston, VA Real Estate, Herndon, VA Real Estate, Sterling, VA Real Estate, and surrounding towns. Are you looking to move to the Northern Virginia area? Do you want to sell your current home? Do you need a bigger home for your growing family? No matter your real estate needs, The Kitty Bernard Team is here to help you every step of the way. The Premier Real Estate Team Serving Northern Virginia As part of Century 21 Redwood Realty, a firm that has been in business for more than 40 years, The Kitty Bernard Team is a full-service real estate company with extensive knowledge of the region’s local markets. And they maintain an excellent relationship with many of the areas real estate professionals. Our real estate agents are qualified to serve each buyer and provide answers to any questions they may have. We offer our services to those looking to buy or sell a home within the Northern Virginia area. Kitty Bernard, owner and agent of The Kitty Bernard Team, has the knowledge and skills needed to help the needs of every client. Our team works hard to ensure that the selling or buying process is stress-free and happens without issue. Whether You Are Buying or Selling – We'll Help You Through It! We stand committed to finding each client exactly what will make them happy and fit their needs, as well as their budget. We go the extra mile to help every client achieve their goals, while staying up to date on any changes occurring in the world of real estate. For a real estate team you can trust, contact The Kitty Bernard Team today. Allow our years of experience and dedication work for you!