Sales of single-family and condominiums reported in May by the Dayton Area Board of REALTORS® totaled 1,317, up from the 1,225 sales reported last month. Despite tightening inventory on the market, the number of sales cleared last year’s May sales by 7 percent, when there were 1,231 reported sales. But the biggest news was the average sales price.
For many families, this time of year means one thing: vacation time! More and more people could be taking that vacation in their second home.
The National Association of REALTORS®’ 2014 Investment and Vacation Home Buyers Survey shows vacation home sales accounted for 21 percent of all sales in 2014, up nearly 58 percent from the previous year. That represents their highest market share since the survey was first taken in 2003. Even as activity picks up, the market remains good for buyers. This means that if you’ve been dreaming of buying a vacation home, now may be the time.
When you hire a real estate agent, it’s important to understand whose side she’s on as you select a home to buy (or list your current home for sale) and head towards closing, where the actual transfer of ownership happens. There are a lot of ways agents may represent clients. Yours might represent:
- Only You
- Only the parties in the transaction
- Everyone in the deal
Saving for a down payment can seem like an overwhelming task if you’re on a tight budget. It’s not easy to make a plan, stay on that plan no matter what, stay motivated even when your plan goes temporarily awry, and finally achieve your desired result. So how do you get from, ‘I want to to be a homeowner’ to ‘Give me the keys?’ Simple: Set a goal.
Goal setting involves establishing specific, measurable, realistic and time-targeted goals.
So how does that relate to your down payment? When it comes to buying a home and getting together the money required, there are tricks and tips you can use to make it easier and make that goal achievable.