Market Profile Trends Report

Property Sales

Prices

Inventory & MSI

Market Time

Selling Price vs. Original Listing Price

Inventory/NewListings/Sales

Market Action Report – City_ Ocean City – Sep2010 (CLICK TO DOWNLOAD)

Oceanfront Condo - Ocean City, Md.

Why It’s A Good Time To Buy A 2^nd Home Or Investment Property

Most owners that have a 2nd home or an investment property own that property in a different location then where their primary residence is located.

It is quite common to have that property in a resort setting such as a beach or ski destination.  Since I am at the shore, our owners fall into the beach category. They use their property the most during the warmer summer months. They either use their property as a second home and/or vacation spot or put the property in a rental program to generate income.  Some do a combination of both.

Now that it is fall and these owners are using their places less, we do seem to see some additional inventory listed for sale, which can make it the perfect opportunity for a perspective purchaser to buy in a resort market. In some cases, the seller is ready to move on, and has just completed the time of year when they will utilize the property the most, therefore they may be more motivated to competitively price the property.

Hear that sound? That’s opportunity knocking. Many buyers have been uncertain about taking the jump into the housing market. With interest rates and property values at historic lows, what are you waiting for?