Friday, September 3, 2021 / by Katy Foster
As summer comes to an end, does selling your vacation home make sense right now? According to research from the National Association of Realtors (NAR), vacation home sales are up 57.2%.
If you have taken your last vacation for the summer, here are a few reasons why you should consider selling your vacation home this year:
Remote Work Continues to Drive Demand for Vacation Homes
A report from NAR says that based on continuously evolving work needs, there could be more interest in a second home than you actually think.
Recent data shows we’ll likely see a sustained increase in the rate of remote work for the next five years, which means that your vacation home could be highly sought after by certain buyers.
Selling Could Allow You To Upgrade Your Vacation Spot
When demand is high like this, so is the buyer competition. And when competition is strong, buyers will do anything and everything they can to make their offer on your vacation home as appealing as possible. This can include offering over asking price, all-cash and more! If you are considering selling now, you’ll be able to benefit from high buyer competition and pick the offer with the best possible terms for you. Or, if you are able to work from home, you can consider taking up more permanent residence in your vacation home and selling your primary residence instead.
No matter what the situation is, you do not have to make a decision on your own. Your Real Estate Advisor at Florida Lifestyle Realty can help you determine the best option when you are ready to sell.
Bottom line, buyers remain interested in vacation homes this year for a number of reasons. Now that the summer is winding down, it’s time to think about taking advantage of today’s demand for vacation homes.
Florida Lifestyle Realty