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Second Homes in Pinehurst, Southern Pines and Aberdeen North Carolina |
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Vacation homes are more popular than ever with astute investors, and make up nearly 40% of all homes sold nationwide, over the past few years. In our market, Pinehurst, Southern Pines and Aberdeen, Home of America Golf, the numbers are actually much higher as Second Home buyers invest in second homes for many purposes – some are vacation or weekend homes by a lake or golf course, some are pure investment properties, and many are a combination where the buyer enjoys use of the second home and makes money through seasonal or weekly rental. In fact there are many real estate property management companies that are also involved in structuring golf packages or work with organizations that do. Second Homes in the Pinehurst, Southern Pines areas are a wise real estate investment, and we, as GMAC Real Estate Agents and NC Brokers are well positioned to help you find second homes for sale, and learn more about second homes. Please visit our virtual GMAC Real Estate office, where North Carolina licensed brokers can help you learn more, and locate Second Home investment opportunities. |
A Second Home in North Carolina and GMAC Real Estate |
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Why own a second home? The simple answer is real estate is a good long-term investment. When homeowners crunch the numbers between initial investment in the form of down payment, debt load of the mortgage value and current market valuation of the home they live in, almost all will find that property is the most profitable investment they ever made. If the home you live in is such a great investment, how about a second home, or even more? |
NC Second Home Facts |
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All real estate investment decisions are significant and buying a second home requires some research, thought and planning to determine what type of second home you’re looking for and how you’re plan to use the property, whether condominium or house. Your real estate professional is your advocate in this process. We are real estate agents, as well as Accredited Buyer Representative (ABR) designees which simply means we are uniquely qualified to protect and promote your best interests throughout the entire process. We possess special expertise in helping our clients find and acquire second homes and truly understand the unique nature of this type of home purchase. |
NC Second Home Considerations |
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An important thing to consider when buying a second home is how you plan to use it. If your second home will be used only as a vacation getaway, the needs you have - and the decisions you'll make - are very different than when buying a second home for investment purposes. If you plan to use a second home both for vacationing and for rental income, there are further considerations, particularly with regard to tax status. The second home bought to eventually
become your retirement home brings another set of variables into the
buying equation. Just looking at these four possibilities – vacation,
investment, retirement and mixed-use – makes it clear a second home
isn’t a purchase to make blindly. It’s important to do some homework
about the property, and to really get down and understand what purpose
the second home has in your portfolio and lifestyle.
Different types of second homes offer a number of different tax breaks, and each type should be purchased looking at criteria relevant to its end use. A lakeside second home bought purely as a vacation and weekend getaway property is going to be attractive for much different reasons than a second home purchased for its investment potential. |
The Second Home Purchase Process |
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Purchasing a second home is unlike buying your primary residence. You need a real estate agent with proven knowledge of vacation and second home market conditions. GMAC Real Estate serves some of the hottest second home markets across the country, including beachfront, ocean view, lakeside, mountain and urban second homes. We can help you find your perfect second home close by, or connect you with a qualified GMAC Real Estate Agent across the country. Whether you’re looking for a cabin by the shore, an escape in the mountains or an urban condo investment opportunity, we’ve got the resources and expertise to help you find the right second home for you. |
Search for Second Homes for Sale |
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Click to search for a selection of properties suitable for use as a second home. To learn more about buying Second Homes or Vacation Homes, explore the rest of this section, or contact a GMAC Real Estate Agent. |
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