Real Estate Market

Michelle's September Newsletter

Are Second Homes A Good Investment?

Courtesy of 
MICHELLE METCALF 
Associate Broker, SRES, CRS 
520-400-5735 (Cellular) 

       

Are second homes a good investment?
For decades, buying a second home was pretty much a single-dimensional experience. You bought a place where you would either vacation, or live for several months of the year (often to enjoy a nicer climate). 
 
But with the emergence of home-sharing services like Airbnb, HomeAway and VRBO, second homes are offering you a whole new dimension. Now you can have a place for part-time living, and when you're not using it, the home can provide you with a regular revenue stream.
 
Purchasing a second home has become a true investment opportunity, not simply a lifestyle choice. So much so that even major hotel chains like Hyatt are jumping in. The key, as always with real estate, is location, location, location.

Is It harder to get a home loan if you are self-employed?

Is it harder to get a home loan if you are self-employed?
When you're self-employed, getting a home loan is going to be a little more involved than if you were a salaried employee. There's more paperwork, tighter qualifying rules, and you'll need to show a stable income. 
 
The good news is it's getting easier for you and 14 million other Americans who are self-employed to get approved. Recently, Fannie Mae released new guidelines that are a big plus for self-employed borrowers:
  • In certain cases, income documentation is being reduced from two years of federal income tax returns to one. 
  • A new income calculation is being introduced for business owners with little or no history of distributions. 
  • The new guidelines are more flexible in dealing with "moonlighting" or extra part-time jobs. 
If you're self-employed, talk to a local lender and learn more. 
 

New to the Market

 

New to the Market 
3766 S Via Del Reyecuelo, Green Valley, AZ 85622
$273,000
2 Bedrooms  |  2 Bathrooms  |  1,750 Square Feet  |  Listing ID 21823883 
It's not only remodeled to perfection, the captivating panoramic views will bring your spirit to serenity. Cherish everyday with an exquisite display of vibrant colors from sunrise to sunset. You'll love making memories in this home! A few of its wonderful features include a modern kitchen with corian countertops, stainless steel appliances and a double oven. The entry to the den is nicely finished with an updated barn door. Tile wood flooring throughout, tiled bathroom showers with updated vanities, C-tops & mirrors. New updated lighting & new C-fans throughout. A new pergola adorns the front yard & tiled patio. The oversized 2 car garage also has extra storage. A BBQ gas stub will make cookouts w/your guests a delight. Appealing SW color palette inside & Mountain views outside. 

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Contact Information

Photo of Michelle Metcalf CRS, SRES®, REALTOR®, Associate B Real Estate
Michelle Metcalf CRS, SRES®, REALTOR®, Associate B
RE/MAX Valley Properties
210 W. Continental Rd. #220
Green Valley AZ 85622
Mobile: (520)400-5735
Fax: (520)648-2221