Buying a second home can present some unique challenges and opportunities. However many homes you have bought, nevertheless how good the team you work with, there are some conditions of the process that will increase your stress level.
Some challenges all buyers will have to face, and this also includes those buying a home for the second time. A good example is when there is a lack of accessible homes, that the market is very competitive for the person interested in buying. Second-time buyers can have some advantage when it comes to a easy-moving market. This is because they are seasoned house hunters who are able to spot problems more easily and also have more confidence when it comes to decision making.
However, people buying a home for the second time will also face some unique difficulties. Below are some great tips that will help buying a second home.
Prodigy Lending is a DBA of AmCap Mortgage, Ltd. (NMLS ID# 129122 – www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/129122), an Equal Housing Lender.
Managing RMLO: Jason Turner (NMLS #286357)