Straight Up Mortgage Talk

Advantages and Disadvantages of Buying a Second Home

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Below are the questions we go over during the interview, I hope you enjoy!

  • You live in a resort type area, where second homes are huge. Who are your clients that are looking to purchase their second home?
  • Because of the current availability to work remotely, what kind of trends are you seeing in your market?
  • How often are you working with clients that have the intent to do Air bnb? What do you see as far as the market in your area for Air bnb?
  • What do you project the market to look like for Air bnb’s after Covid? Do you expect Air bnb’s to be busy or the opposite?
  • Do these second homes usually have a turn-around of a good or bad investment?
  • What is the time span that families usually keep these homes? Do you find that these homes are generational and kept within families or kept in a span of a few years?
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    Straight Up Mortgage TalkBy Tim Harrison