Darnella Real Estate

Darnella Real Estate

For Exceptional Real Estate Services Call
925-207-8211
CA DRE Broker #01117484
Para Español Oprima Aqui
  • Home
  • About
  • Sellers
  • Buyers
  • Search For Properties
  • Real Estate Services
    • REO Services
  • Blog
  • HUDHomeStore.Gov
    • HUD Homes for Sale
  • Contact
  • San Jose
  • Morgan Hill
  • Gilroy
  • San Martin
  • Antioch
  • Brentwood
  • Pittsburg
  • Oakley
  • Concord
  • Pleasant Hill
  • Martinez
  • Livermore

This may the best time to buy your Vacation Home

January 11, 2019 By Darnella Aulani, Real Estate Broker

vacation-buy
Every year around this time, many homeowners begin the process of preparing their homes in case of extreme winter weather. Some others skip winter all together by escaping to their vacation homes in a warmer climate.

For those homeowners staying at their first residence, AccuWeather warns:

“The late-week cold shot should fade next week, but this is a warning shot for winter’s return late in the month and early February.”

Given this, it’s time to go and stock up on winter weather supplies! However, if you’re tired of shoveling snow and dealing with the cold weather, maybe it’s time to consider obtaining a vacation home!

According to the Investment & Vacation Home Buyers 2018 Report by NAR:

“72% of vacation property owners and 71% of investment property owners believe now is a good time to buy.”

It’s time to take advantage of the equity in your home. As the latest Equity Report from ATTOM Data Solutions stated:

“Nearly 14.5 million U.S. properties (are) equity rich — where the combined estimated amount of loans secured by the property was 50 percent or less of the property’s estimated market value — up by more than 433,000 from a year ago to a new high as far back as data is available, Q4 2013.

The 14.5 million equity rich properties in Q3 2018 represented 25.7 percent of all properties with a mortgage.”

This means that over a quarter of Americans who have a mortgage would be able to use some of their home equity to make a significant down payment toward a vacation home, and many are doing just that! According to the same report by NAR:

“33% of vacation buyers purchased in a beach area, 21% purchased on a lakefront, and 15% purchased a vacation home in the country.”

Many homeowners who are close to retirement will use some of their equity to purchase vacation homes, which may eventually become their permanent homes post-retirement!

If you are a homeowner looking to take advantage of your home equity by investing in a vacation home, let’s get together to discuss your options!

Filed Under: Buyer Resources, Real Estate Blog

Darnella Aulani, Broker
Darnella Aulani, M.ED. , Director for Life
Broker #01117484
  • Contact
  • About

Certified Woman-Owned Business and Certified Minority Woman-Owned Business

nawrb

Find Your Dream Home

  • realtor
  • abr
  • gri
  • abrm
  • sres
  • crs-updated
  • areo
  • equal-housing
  • nwr
  • crb
  • pmn
  • cca
  • CBA_200

Contact & Location

Darnella Real Estate - San Jose
22 Great Oaks Blvd, Suite 200
San Jose, CA 95119
PH: (925) 207-8211
CA DRE Broker #01117484

Darnella Real Estate - Antioch
3731 Sunset Lane, Suite 207
Antioch, CA 94509
Ph: (925) 777-1770
Fax: 925-848-2030
CA DRE Broker #01117484

Client Tools & Access

  • Client Login
  • Create an Account
  • Sign Up for Email Updates
  • Mortgage Calculator
  • Darnella Real Estate Blog

Real Estate Search Tools

  • Basic Property Search
  • Advanced Property Search
  • Property Address Search
  • Property Map Search
  • Rental Search

HUD Homes Information

  • HUD Homes for Sale

Certified Women-Owned Business
Certified Minority Woman Owned Business

nawrb

Copyright © 2023 · Darnella Real Estate · All Rights Reserved · Site By Clifton Creative Web