What is the Role of Real Estate Agent in Vacation and Second Home Markets?

The real estate agent is the most important member in the real estate team. You will definitely find the above statement to be true on most of the cases. You will definitely find no body busier during a real estate deal than the real estate agent. I must say that they are even busier than the buyer or the sellers.

In 2007 there was more than 60% of the house sold were the second home. The mortgage rate has decreased four fold and I must say that the growing rate of the home has really increased the rate at which the second house are bought or sold. The higher percentage of the houses sold were the second house.
The national association of realtors conducted a survey and found that 60% of the houses sold were carried away by the real estate agents as far as the deal was concerned.

The rate of selling of the second house by the real estate agent was 64% in the year 2005 which was found to be much higher than the 50% of the year 2003.

I would like to give some more statistic result for this. Around 70% of the houses sold were second house and 74 % of the sale was carried by the real estate agent. The percentage of investment home buyers who bought the house directly from the builders was as low as 14 %. However it marked to more than 70% for the real estate agent.

You must understand that the second house has really become very popular because of many reasons. You will definitely find yourself much profitable in buying the real estate property like second home because of the low cost and easily available low mortgage loan rate.

Most of us really find it very great to buy the second house because it is profitable. I cannot say that the lenders favor to grant loan for second house than the brand new house. However no one can either say that they favor brand new houses. They really do not favor anything. They just calculate that which property will give them more profit. And the calculation really says that the second houses are much more profitable. There are reasons behind it. I would like to share some reasons with you.

The most important reasons are that through foreclosure and short sale you can really buy the property for a very less amount. You cannot do this for the new house. Hence the price of second house is quiet low. But the process of buying a second house is not so easy. You will definitely find it to be really difficult without the real estate agent.