Second Homes - The Next Big Thing in Real Estate!

Written By: Karen Deis

I recently attended a party where a friend of mine asked for advice about buying a second home in Tulsa. I asked why he wanted to buy a 2^nd home in Oklahoma - the answer was because his daughter lived there and he wanted to be close to the grandchildren. Within 24 hours, another friend called and wanted to buy a home in Little Rock. Same reason.

My point is - that a second home purchase does not have to be in a resort, vacation or retirement community. Second homes are becoming the norm for not only millions of baby-boomers, but also those who feel that real esatate is their best investment alternative due to low stock market returns and larger income tax write-offs.

The National Association of Realtors® recent study says that second and vacation homes have accounted for almost one-quarter of all residential purchases in 2005. The typical vacation-home buyer is 55 years old; earns an average of $71,000. Sales price average is $190,000 and nearly 1 out of 5 homes will become primary residences after retirement.

When you read this article, you will find sample headlines, a sample ad and a free report subscribers can download for free. You will also find links to several websites with detailed explanations and how to find Realtors® in your area who specialize in the 2^nd home market.

The top 5 reasons given as to why the purchase of a 2^nd home is on the upward swing are: