Business Growth

Second Home Sales have been increasing in recent years with more and more people a second home. In 2005 alone, 40 percent of the apartments were sold second homes. Demographics, all time low mortgage rates and healthy increase in property prices contributed to the growth in the second home market. In addition to these, is an important factor that has helped expand the sale and purchase of second homes the real estate professional. The National Association of Realtors conducted research on the profile of second home owners in 2006. According to the NAR report entitled ’2006 Profile of Second-Home Owners’, a high proportion of second home sales led by the services of estate agents. The statistics are remarkable, 64% of holiday buyers purchased their home, which the services of an estate by the end of 2005 – a significant increase of less than 50% of holiday-home buyer in 2003. Also bought 65% of investment-home buyers their home with the help of a real estate agent – an increase of 53% before 2003. In comparison, only bought 14% of vacation-home buyers and 7% of investment-home buyers from the builder of 2003 to 2005. The growing importance of the real estate professional is evident from the following figures: 1st The Holiday sales are made in 71% of them were second homes and 74% of turnover, with the services of a real estate agent. 2nd Of the sold as investment property, 85% of them were previously owned and 62% of turnover, with the services of a real estate agent. The use of estate agents in second home sales for home “location varies. 1st Buyers used a real estate agent more frequently when buying an apartment in a suburb / subdivision (56%) or a rural area (57%) for property located in other locations. 2nd About 66% of the buyers who bought as investment property in an urban / central city area or in a suburb / subdivision, the services of a real estate agent more frequently than those who purchased a home in other places. Real estate professionals continue to be the first source for information on second home buyers (38% of holiday home buyers and 34% of investment-home buyers). The real estate site like professional plays an important role in buying the second home owners additional properties. If you are thinking for buying a second home or apartment to seek the services of a broker, who guide you through your next home purchase. 1st The proportion of second home owners, who may tend to use a real estate agent in their next home purchase is quite high. Among holiday home owners, it is 79% and investment-home owners 73%. 2nd Under second home owners to use 65% of holiday home owners and 64% of the investment owners are more likely to be an estate agent in their next home sales. Given these figures, it is no wonder that the real estate agents a central role in helping people buy and sell plays second homes. So whether you’re a second-home buyer or seller, you get the services of an agent for a smooth, stress free real estate transaction.