Second Home and First time buyers --- ponderings
By Maggie Bafalon, e-Pro, CHMS, CNS
(Frank Howard Allen Realtors)
I've never (yet) been in a position to own a second home - I do live in CA after all, and have had 10 homes here that I've lived in - but I'm curious about other areas of the country that are considered large 2nd home markets. What buying criteria do your 2nd home buyers use? Is there a relationship between what they paid for their primary home and what they are willing to pay for the 2nd one? What is an average 2nd home price? Would you consider these buyers rich? or just comfortable? What is your biggest selling point when you discuss buying in your market? Do you find that they want to know about recreational areas, museums? Do they have, or want to have a (smaller than their original) job?I'm also curious about buyers who have more than one home in which they live at different ...
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