Posts with tag 'Buy a House'
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8
Should You Buy a Vacation Home in 2020?
Like many people, you've probably dreamt of owning a vacation property. But is 2020 the right year to take the plunge on a second home? After all, mortgage rates are at a historical low. But this is a time of economic uncertainty. And we don't know when the economy will fully recover from the impact of the COVID-19 pandemic. There's a lot to consider before you invest, which is why Our REALTORS® give you this rundown of the pros and cons of buying a vacation home in 2020.
- Pro: Mortgage Interest Rates Are Hitting Record Lows
If you have the income stability, buying a vacation home in 2020 may make a lot of sense. Mortgage interest rates at a historical low and it's predicted that this will continue into 2021. According to Freddie Mac, the average interest rates in August 2020 dropped below 3% for the first time ever.
13
Don't Buy Into These 6 Real Estate Myths
Whether you're looking for Nassau County homes for sale or Suffolk County homes for sale, there's one thing you can count on: Our REALTORS® are there to make the whole process easier for you. We'll guide you every step of the way so you can make informed choices.
Unfortunately, even savvy buyers often believe some real estate myths.
It's no surprise certain real estate myths are so common. They've been around a long time and it's easy to pick them up through word of mouth. Some real estate myths were truths once upon a time. However, real estate changes quickly – and it's important to move with the times.
To make things even more complicated, the coronavirus pandemic has changed real estate in a very short time. Buyers and sellers around Long Island need to be aware of how COVID-19 has shaped the local market, but it's also crucial not to overcorrect.
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