Now might be the time to buy? See why.
Cash is king in the current market with inventory at an all time high and with prices as low as they have been in years. Even without cash, there are still great interest rates for qualified buyers. Now is the time to buy that second vacation home or condo, as described below in this week’s New York Times article.
Skiers Buy Vacation Homes as Prices Fall
By IRENE RAWLINGS
OVER the holiday season all was snowy and bright at ski areas across the country, with a festive jingle in the air. It wasn’t sleigh bells — it was the sound of money. Vacation-home seekers who saw recessionary opportunities were looking to buy.
Many were ready to pay in cash, and they wanted great deals, like a $900,000 slope-side condominium for $500,000 or a studio in town for half the asking price. They were getting what they wanted because it is the best buyers’ market in 20 years, real estate agents said, with inventory at levels not seen since 2001.
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