Vacation home buyers have a unique set of needs that differ from the primary home buyer.
Crystal Bay, NV (PRWEB) August 03, 2015
Vacation Nest announced today the launch of a new real estate website focused on the unique needs of vacation home buyers. Vacationnest.com allows buyers to search for destinations throughout the U.S. based on criteria such as budget, amenities, geography and attractions. From this search, buyers are provided a list of locations that match their criteria. Each location includes a description of the area’s features and profiles vacation homes on the market in various price ranges to show buyers what type of vacation home they can typically get for their money.
According to the National Association of Realtors, vacation home sales accounted for 21 percent of all transactions in 2014.
“This is a rapidly growing niche in the real estate industry that is currently underserved by traditional real estate websites. Vacation home buyers have a unique set of needs that differ from the primary home buyer,” said Kelly Campbell, founder of Vacation Nest. “The location of a primary residence is often restricted by factors such as employment or school district. But most vacation home buyers have the freedom to choose from any number of locations as long as they offer a specific lifestyle the buyer is looking for.”
A buyer may be looking for a vacation home that is by the beach, in the northeast, has a quaint downtown area with plenty of bars and restaurants, and is also family-friendly. From their criteria, Vacation Nest matches the buyer with a host of resort destinations that meet their needs.
A recent survey by the National Association of Realtors found that the median sale price of vacation homes in 2014 was just $150,000; dispelling the myth that vacation homes are only a luxury reserved for the upper class.
“There are a number of trends driving the substantial increase in vacation home purchases,” said Campbell. “One hot trend is working couples who are buying vacation homes now for use as their primary home in retirement. Low interest rates and the growing popularity of vacation rental sites like HomeAway, Airbnb, and VRBO are other drivers behind the growth.”
Vacationnest.com features destinations around the country in locales popular with vacation home buyers including those by the beach, in the mountains, on lakes, in the desert, and in golf course communities. Each destination profile also features homes and condos for sale in four different price ranges to show buyers what they can typically get for their money. Budget homes are less than $300,000, mid-priced homes are in the $500,000 range, high-end homes are about $750,000, and luxury homes are more than $1 million.
Vacation Nest is an online resource for vacation home buyers. The site allows buyers to search for vacation home destinations based on specific lifestyle criteria, location and amenities. Each destination article includes a brief overview of the area - what makes it unique as well as what attractions and amenities it offers - and profiles houses currently on the market in different price ranges to show buyers what type of home they can purchase in their budget. http://www.vacationnest.com