February 28, 2011

A Great Time to Purchase a Vacation Home in Lake Geneva, Wisconsin

Posted to Geneva Lake Area

We’ve heard the news about the struggling real estate market, but now is actually a great time to purchase a vacation home in the Lake Geneva area.

For buyers who have the discretionary income to purchase a second home, purchasing real estate now can be a savvy investment strategy, since over the long-term real estate values have steadily grown.

Prices are low; and even though the Geneva Lake area hasn’t experienced the same dramatic decline in prices as other resort areas, prices are lower than they’ve been in a long time.  Coupled with the number of properties on the market representing a wide price range, buyers should be able to find a property to meet their wants.

Interest rates are still very low.

Some buyers may be able to generate significant income through short-term rental of their properties, enough, perhaps to pay the taxes or part of the mortgage.

Best of all, buyers will have time to get the property in perfect shape to enjoy the beautiful summer season “on the lake!”

Posted by:  Janet Giovannetti

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