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Should I wait to buy a share in a vacation property?

  • not2bigadeal
  • Jul 10, 2023
  • 1 min read

It's the age old question, is now the right time to buy a second home property or will prices go lower? While we cannot predict the future, here's what the data tells us: 1. on a national basis, inventory of available homes is down significantly (in other words there is more demand than supply of homes) 2. low inventory typically translates to home prices increasing which in fact is what nation-wide data shows and 3. lower mortgage rates typically will bring more buyers into the market likely resulting in more pressure added on the already low inventory of available homes for sale. Thus, one could easily argue that the longer one waits to buy their dream vacation home, the higher price they may pay. As always, please contact GRAATIFY if we can assist you in helping you to make a decision on co-owning a luxury vacation property. RELAX, ENJOY, GRAATIFY!

 
 
 

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GRAATIFY is organized as a limited liability corporation under the business name Graatify LLC. The information on this website is for general informational purposes only. Graatify LLC makes no representation or warranty, express or implied. Your use of the site is solely at your own discretion. This site may contain links to third party content, which we do not warrant, endorse, or assume liability for. GRAATIFY is not a real estate brokerage and thus does not buy or sell real estate. Our clients utilize GRAATIFY's preferred partner program network for real estate sales transactions. 

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