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Vacation Homes

As we wade through yet another wave of foreclosures being dumped on the market, it might be a good time to consider vacation homes.  If you are fortunate enough to be sitting on some cash, or any other way to purchase a vacation home, the opportunities are abundant.

Many of the bedroom communities to San Jose are great places to find vacation homes.  Residents in these communities moved there because 7-10 years ago, the market was going up, and buyers saw it as an opportunity to purchase a suburb home that was also a good investment.  Sadly, the market collapsed and has only recently begun t o stabilize and start to increase, leaving many nice homes in bedroom communities up for sale at really low prices.  Hollister Ca homes for sale are no exception.  I recently saw a home that I previously sold for $405,000 sell for $80,000 at auction.  It was put back on the market and within 45 days, sold for $196,000.  Not a bad return for 45 days work.

Whether looking at San Jose Ca homes for sale, or in a bedroom community like Hollister, vacation homes are all over the Ca map. It just takes a little research and the ability to act quickly as the opportunity arises.

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