{"id":1985,"date":"2021-08-24T15:51:49","date_gmt":"2021-08-24T15:51:49","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=1985"},"modified":"2021-08-24T15:51:49","modified_gmt":"2021-08-24T15:51:49","slug":"vacation-home-summer-ends","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/vacation-home-summer-ends\/","title":{"rendered":"What To Do with Your Vacation Home as Summer Ends"},"content":{"rendered":"
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What To Do with Your Vacation Home as Summer Ends<\/p><\/div>\n

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As summer comes to a close, is it time to think about selling your vacation home? Based on recent data and expert opinions, it\u2019s something you may want to consider. According to\u00a0research<\/a>\u00a0from the\u00a0National Association of Realtors<\/em>\u00a0(NAR),\u00a0vacation home sales are up 57.2% year-over-year for January-April 2021.<\/strong><\/p>\n

If you\u2019ve taken your last vacation this summer, here are reasons you should consider selling your vacation home this year.<\/p>\n

1. Remote work continues to drive demand for vacation homes.<\/strong><\/h4>\n

As the report from NAR says, based on continuously evolving work needs, there could be more interest in your\u00a0second home<\/a>\u00a0than you think:<\/p>\n

\u201cIn 2020, across all nine divisions, the fraction of the workforce that work from home is\u00a0typically higher in the vacation home counties than in the non-vacation home counties<\/strong>\u2026 The opportunity to work from home could\u00a0further raise the demand for vacation homes in future years.<\/strong><\/em><\/p><\/blockquote>\n

Recent data shows we\u2019ll likely see a sustained increase in the rate of\u00a0remote work<\/a>\u00a0over the next five years. That means\u00a0your vacation home could be highly sought after by certain buyers<\/strong>. Lawrence Yun, Chief Economist at NAR, puts it best,\u00a0saying<\/a>:<\/p>\n

\u201cVacation homes are a hot commodity at the moment<\/strong>\u00a0. . . . With many businesses and employers still extending an option to work remotely to workers, vacation housing and second homes will remain a popular choice among buyers.\u201d<\/em><\/p><\/blockquote>\n

2. Selling could allow you to upgrade your vacation spot \u2013 or even your day-to-day scenery.<\/strong><\/h4>\n

When\u00a0demand is high<\/a>, so is buyer competition. When competition is strong, buyers will do everything they can to make their offer on your vacation home as appealing as possible. This can include things like all-cash offers and more. If you\u00a0sell now<\/a>, you\u2019ll be able to benefit from high buyer competition and pick the offer with the best possible terms for you. That offer could give you the opportunity to purchase the primary residence of your dreams.<\/p>\n

Or, if you find that you\u2019ll continue working from home, you could consider taking up more permanent residence in your vacation home and selling your primary residence instead. While this isn\u2019t a choice everyone can consider, it could be a great option.<\/p>\n

No matter what the situation, you don\u2019t have to make the decision on your own. Your trusted\u00a0real estate advisor<\/a>\u00a0can help you determine your best option when you\u2019re\u00a0ready to sell<\/a>.<\/p>\n

Bottom Line<\/strong><\/h3>\n

Buyers remain interested in vacation homes this year for a number of reasons. Now that summer is winding down, it\u2019s time to think about taking advantage of today\u2019s demand for vacation homes. Let\u2019s connect today if you\u2019re ready to give your second home its day in the sun.<\/p>\n<\/div>\n<\/div>\n<\/article>\n

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Contact us:<\/strong>
\nPHP Houses
\n142 W Lakeview Ave
\nUnit 1030
\nLake Mary, FL 32746
\nPh:\u00a0(407) 519-0719<\/span>
\nFax:\u00a0(407) 205-1951<\/span>
\nemail:\u00a0info@phphouses.com<\/p>\n

Let\u2019s Connect:<\/strong>
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THE INFORMATION PRESENTED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSIDERED LEGAL, FINANCIAL, OR AS ANY OTHER TYPE OF ADVICE.<\/em><\/h5>\n","protected":false},"excerpt":{"rendered":"

If you\u2019ve taken your last vacation this summer, here are reasons you should consider selling your vacation home this year. Finish Reading What To Do with Your Vacation Home as Summer Ends<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[18,27,52,49,42,23,40,63,20,12,48,13,28,197,54,47,19,192,352,6,17],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1985"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=1985"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1985\/revisions"}],"predecessor-version":[{"id":1987,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1985\/revisions\/1987"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=1985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=1985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=1985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}