I am contemplating buying a second home/ weekend retreat in the mountain areas, but I also notice the asking price dropping everywhere. Wait or buy?

Asked by Adil, 92549 Sat Jul 10, 2010

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Keith Manson-…, , Milwaukee, WI
Sat Jul 10, 2010
It is going to depend on your needs and wants. A second home is a very special place and you want it to meet your needs not so much that it is the best deal around. If it is a investment then you need to get someone that is a expert in the area to assist you understand the market. However, supply and demand can change at a moments notice, espeically with second home markets. Vacation homes demand increase when people have extra money and shrink when money is not as available. Right now money is not as plentiful as it has been in the past and may effect vaues. However, if you wait too long, the tide may turn quick. It is all market driven and each market is a little differnt.

Keith manson
First Weber Group
Certified Distressed PRoperty Expert
Metro Milwaukee

http://www.milwaukeebailout.com
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Anna M Brocco, Agent, Williston Park, NY
Sat Jul 10, 2010
To wait or buy, is a decision only you can make based on your finances, wants, needs, lifestyle--buy when you are ready to buy--none of us can answer with accuracy as to where the market will head tomorrow or down the road--the one thing we do know today are the low interest rates and who knows where they will head in the days to come--you decide.
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