Is Now a Good Time to Buy a Second Home?

by Diego Raigosa 12/01/2019

Although you might already own a house, now may prove to be a good time to pursue a second residence. For example, if you have always wanted to own a home in the mountains, you can purchase a second residence to make your dream come true. On the other hand, if you want to own a vacation residence on or near the beach, you could enter the housing market to find a beachfront house that suits you perfectly.

Like any home search, finding a second house that matches your expectations may be difficult. Fortunately, there are lots of things you can do to streamline your quest to find a second home, such as:

1. Evaluate Your Finances

Your finances will play a significant role in your ability to purchase any house, at any time. As you get set to pursue a second home, examine your finances closely. Then, you can map out your home search accordingly.

Generally, it helps to consult with banks and credit unions before you launch the search. If you meet with these institutions, you can gain financial insights that you can use to make an informed purchase.

2. Establish Home Buying Criteria

Think about the features you want to find in a second residence. Next, you can craft home buying criteria.

Once you have home buying criteria in hand, you can narrow your house search, too. By honing your home search to residences in specific cities and towns, you can speed up your quest to find the right home at the right price.

It often helps to maintain flexibility as you conduct a search for a second home as well. If necessary, you can modify your home buying criteria throughout the home buying journey.

3. Hire a Real Estate Agent

There is no reason to enter the housing market on your own. Thankfully, real estate agents are available in cities and towns nationwide, and these housing market experts can help you quickly and effortlessly acquire a second residence.

A real estate agent understands what it takes to navigate the home buying journey. This housing market professional first will learn about you and your home buying goals. He or she next will craft a custom home buying strategy based on your individual needs. Finally, a real estate agent will put this strategy into action and ensure you can discover a terrific home at an affordable price.

Furthermore, a real estate agent takes the guesswork out of buying a second home. If you are unsure about whether to submit an offer to purchase a particular residence, a real estate agent can offer a data-driven recommendation. Or, if you have concerns or questions at any point during the home buying journey, a real estate agent is prepared to respond to them.

If you want to pursue a second house, it helps to plan ahead for the home buying journey. By using these tips, you should have no trouble finding a second home that you can enjoy for years to come.

About the Author

Diego Raigosa

Covering Fairfield County, (203) 948-6538

Diego Raigosa is an experienced and skilled real estate agent. He cares about his clients and works hard to secure the best home fitting all their needs.

Diego surrounds himself with happy and supportive people that express gratitude each day for their many blessings. Diego believes that healthy living starts with a smile and a positive attitude. He celebrates the joy in the small, precious moments shared with family and friends. He is married with 4 children and is a long-time resident of Westport, CT. In his spare time, Diego can be seen around town playing golf, coaching soccer, and cheering on his children in all of their events.

Diego immigrated to the US from Colombia, becoming a legal resident of Connecticut in 1989. During his teenage years in Colombia, he excelled in sports like soccer, martial arts but above all sports, water polo. Diego was an elite competitive international athlete. He represented Colombia in water polo at international tournaments including a World Cup, a Pan American tournament, and two South American tournaments. Competitive sports taught him to focus on goals, train hard every day, and work together as a team to win. 

After studying computer science in college, Diego worked for a few large companies before starting his own business. In the past 20+ years, Diego successfully started and operated several business in technology and real estate. Clients from all over the United States entrusted their technology to Diego’s IT business. His IT business delivers technology services to fortune 500 and medium size companies. Diego is an expert in investment properties, real estate local markets, and property management. His background extends to real estate developments, construction projects, property management, buying, selling and leasing investment properties. 

In 2016, Diego decided to retire from his technology business in order to dedicate himself to the real estate business. He finds it very rewarding to find the perfect home for his clients. He wants each client to be very happy, and be able to create a home filled with love and laughter.

Diego’s years of experience in owning and running a successful business have taught him what he calls his five key drivers to be successful:

· Have Passion: Diego believes that in order to be successful at anything you do, you must truly love what you do. The key ingredient here is to always have passion for what you do and you will never work a single day in your life. 

· Always maintain your client’s interest at heart: know what your client wants and how to communicate with them. Be sensitive to their interests and attitudes and know how to reach them. Be respectful of their needs and circumstances. No everyone has been dealt the same opportunities.

· Be up on the latest technology: Diego believes that technology gives you an advantage. People that lose their touch with technology get stuck in the past and no longer become relevant in the present. 

· Have a positive attitude: Diego believes your attitude rubs off on everyone around you. Having a positive attitude will attract people to you and will make you feel confident and you will soon be surround by wonderful people.

· Have Integrity: integrity means doing the right thing at all times and in all circumstances. We shouldn’t need a “business case” to do the right thing. Success will come and go but integrity is forever. Diego believes his business success was built on a reputation of integrity over many years.