Financial Planning and Your Second Home

I started a series recently on financial planning as it pertains to real estate purchases.

We talked about financial planning in general, keeping in mind our overall financial goals as we consider our real estate purchase. My friend Paul Paroti, a financial planner, shared his wisdom with me regarding making these real estate purchase decisions with long term goals in mind.

Next we discussed the issue of down payments and the financial considerations associated with making decisions about where the money is coming from, long term goals, tax implications and so on. As a financial planner, Paul again shared some thoughts on this important decision so buyers can give appropriate consideration to their down payments and where to obtain the cash. Putting a large chunk of money down may not always be the right financial decision.

Another popular focus of buyers these days, especially the baby boomers, is on buying a vacation or second home here in Carlsbad (or elsewhere). The current Carlsbad real estate market presents a phenomenal opportunity for second home buyers (as do other markets throughout the US). Whether you’re a baby boomer looking for a home to move to permanently in a few years, or just someone who loves the idea of having your own vacation home, the housing market is ripe for buying in many areas, and thus the chance to get into a second home at a great price is there for the shrewd buyer.

Read the full article here.

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Carlsbad and nearby coastal communities in San Diego are a great place to consider for your second home. If I can provide more information about Encinitas, Carlsbad and surrounding areas, or the real estate market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.

All content copyright © 2007 Jeff Dowler Carlsbad Homes and Real Estate Tidbits