According to a study done by Yahoo & Case Shiller, the return on investment has continued to rise over the past few months. The last time we reviewed the best types of investments was this past June and the ROI for real estate sat at 65.4% at that time. Since then, this percentage has raised significantly for only a 3 month difference with the ROI for real estate now around 72.3% return in this study.
So what does this mean for you? If you currently own a home in Summit County and are considering selling that home, we highly suggest now is one of the best times to sell. Buyers from both the upper and middle class are still confident in the second home market due to the ability to rent out their home to either bring in income or cover the mortgage among many other reasons. Secondly, prices are still projected to rise in the future so buyers are looking to get in now with their second home purchases.
Your home is reaching the point that you can gain a fantastic return on your investment and buyers see investment potential as well. If you are looking to move up to a larger or different vacation home, or just want to sell your home altogether, don’t hesitate to contact us for questions about the Summit County market.
Learn How We Will Sell Your Home