{"id":3300,"date":"2020-12-07T05:00:07","date_gmt":"2020-12-07T11:00:07","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/how-remote-work-can-power-your-vacation-home-sale\/"},"modified":"2020-12-07T05:00:07","modified_gmt":"2020-12-07T11:00:07","slug":"how-remote-work-can-power-your-vacation-home-sale","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/how-remote-work-can-power-your-vacation-home-sale\/","title":{"rendered":"How Remote Work Can Power Your Vacation Home Sale"},"content":{"rendered":"

\"How<\/p>\n

This year, the opportunity to work remotely has increased the demand for vacation homes. Gay Cororaton, Senior Economist and Director of Housing and Commercial Research<\/em> at the National Association of Realtors<\/em> (NAR), notes<\/a>:<\/span><\/p>\n

\n

\u201cWorking from home is a positive factor in demand for vacation homes.\u201d<\/em><\/p>\n<\/blockquote>\n

Buyers are taking advantage of the fact that working from home might be someplace other than their primary residence \u2013 at the beach, in the mountains, or somewhere in between. NAR explains<\/a>:<\/p>\n

\n

\u201cSales in vacation-home counties increased 48% on average year over year<\/strong> in the third quarter; overall, 81% of vacation-home counties saw a year-over-year sales increase.\u201d<\/em><\/p>\n<\/blockquote>\n

Is it Time to Sell Your Vacation Home? <\/strong><\/h4>\n

If you\u2019ve been thinking about selling your vacation home, putting it on the market now while demand is high might be your best move. Here are two reasons why.<\/p>\n

1. Vacation Homes Are Selling Quickly<\/strong><\/p>\n

These homes are not staying in the market for very long. NAR also notes:<\/p>\n

\n

\u201cIn September, 68% of vacation homes sold in less than a month. Historically, about 30% sell that quickly<\/strong>\u2026It\u2019s a pretty amazing uptick compared to past years<\/em>.\u201d<\/p>\n<\/blockquote>\n

2. Home Prices Are Rising<\/strong><\/p>\n

With an increase in demand, prices go up. NAR continues:<\/p>\n

\n

\u201cIn the third quarter, prices in vacation-home counties rose by about 32% year over year.<\/strong> Seventy-nine percent of these counties experienced year-over-year price gains. NAR defines a vacation-home county as one in which seasonal housing accounts for at least 20% of stock.\u201d<\/em><\/p>\n<\/blockquote>\n

If your vacation home is sitting idle, maybe not attracting as many renters as you usually see, or if you simply want to sell it so you can trade up or take it off your worry list, now may be the time. Demand is high, so you\u2019re in the ideal spot to get a stronger return on your investment today.<\/p>\n

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

Demand is on the rise, so let\u2019s discuss your next steps when it comes to selling your vacation home.<\/p>\n

Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"

This year, the opportunity to work remotely has increased the demand for vacation homes. Gay Cororaton, Senior Economist and Director of Housing and Commercial Research at the National Association of Realtors (NAR), notes: \u201cWorking from home is a positive factor in demand for vacation homes.\u201d Buyers are taking advantage of the fact that working from […]<\/p>\n","protected":false},"author":1,"featured_media":3301,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-3300","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"\nHow Remote Work Can Power Your Vacation Home Sale—NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/how-remote-work-can-power-your-vacation-home-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Remote Work Can Power Your Vacation Home Sale—NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"This year, the opportunity to work remotely has increased the demand for vacation homes. 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