Recent Folsom, Granite Bay, El Dorado Hills, and Sacramento Real Estate News Posts
While most people buy second homes using conventional financing, some are taking different approaches. Here are a few options:
For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free MLS Home and property searches, free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.
Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.
- Pull equity out of a primary residence to buy a second home. This has become a popular investment diversification strategy in recent years.
- Rent your primary home and purchase your second home. This strategy might work well if you are planning to retire to the second home one day.
- Buy a vacation home and rent it out when you’re not using it, to help pay for it.
- A growing number of people around the West are considering fractional ownership, a fairly new option in which owners purchase fractional shares in a vacation home and use them for a certain number of weeks per year. While it may sound similar to most time-shares, in a fractional ownership program you own a portion of the vacation property and get a deed that appreciates for your share.
For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free MLS Home and property searches, free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.
Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.
Labels: Buying, Homes, Informational
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