What To Do with Your Vacation Home as Summer Ends

<article class="post-14165 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-14165"><span class="entry-date">August 24, 2021</span><div class="entry-header center-block text-center"><h1 class="entry-title">What To Do with Your Vacation Home as Summer Ends</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=What+To+Do+with+Your+Vacation+Home+as+Summer+Ends&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fwhat-to-do-with-your-vacation-home-as-summer-ends%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
<div class="fb-share-button display-inline-block" data-href="https://gilliggroup.com/blog/what-to-do-with-your-vacation-home-as-summer-ends/" data-layout="" data-size=""><a class="facebook solid fb-xfbml-parse-ignore" data-tracking="Post,Social Post Link Clicked,Twitter" href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fwhat-to-do-with-your-vacation-home-as-summer-ends%2F&amp;src=sdkpreparse" target="_blank"><span class="force-hidden">Facebook</span></a></div>
<a class="pinterest solid display-inline-block" count-layout="horizontal" href="https://pinterest.com/pin/create/link/?url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fwhat-to-do-with-your-vacation-home-as-summer-ends%2F&amp;description=What+To+Do+with+Your+Vacation+Home+as+Summer+Ends" target="_blank"><span class="force-hidden">Pinterest</span></a>
<a class="linkedin solid display-inline-block" href="https://www.linkedin.com/shareArticle?mini=true&amp;url=https://gilliggroup.com/blog/what-to-do-with-your-vacation-home-as-summer-ends/?shareSlug%3Dwhat-to-do-with-your-vacation-home-as-summer-ends" target="_blank"><span class="force-hidden">LinkedIn</span></a>
<a class="email dashicons dashicons-email solid display-inline-block" href="mailto:?subject=From gilliggroup.com: What To Do with Your Vacation Home as Summer Ends&amp;body=What To Do with Your Vacation Home as Summer Ends%0D%0Dhttps://gilliggroup.com/blog/what-to-do-with-your-vacation-home-as-summer-ends/" target="_blank"><span class="force-hidden">Email</span></a>
</div></div><div class="post-tax post-category"><span></span><a href="../category/realtor-blog/index.html" rel="tag">Realtor Blog</a></div><div class="post-tax post-post_tag"></div></div><div class="entry-content"><div>
<p><img alt="What To Do with Your Vacation Home as Summer Ends | Simplifying The Market" class="webfeedsFeaturedVisual wp-post-image" decoding="async" link_thumbnail="" loading="lazy" sizes="auto, (max-width: 549px) 100vw, 549px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2021/08/20133229/20210824-KCM-Share-549×300.jpg" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2021/08/20133229/20210824-KCM-Share-549×300.jpg 549w, https://files.simplifyingthemarket.com/wp-content/uploads/2021/08/20133229/20210824-KCM-Share.jpg 750w" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" width="358"/></p>
<p>As summer comes to a close, is it time to think about selling your vacation home? Based on recent data and expert opinions, it’s something you may want to consider. According to <a href="https://www.nar.realtor/research-and-statistics/research-reports/vacation-home-counties">research</a> from the <em>National Association of Realtors</em> (NAR), <strong>vacation home sales are up 57.2% year-over-year for January-April 2021.</strong><span id="more-45003"></span></p>
<p>If you’ve taken your last vacation this summer, here are reasons you should consider selling your vacation home this year.</p>
<h4><strong>1. Remote work continues to drive demand for vacation homes.</strong></h4>
<p>As the report from NAR says, based on continuously evolving work needs, there could be more interest in your <a href="https://www.simplifyingthemarket.com/2021/06/07/why-you-may-want-to-cash-in-on-your-second-home/?a=712984-fa409495d5d70154d03a25e81e9540e2">second home</a> than you think:</p>
<blockquote>
<p><em>“In 2020, across all nine divisions, the fraction of the workforce that work from home is<strong> typically higher in the vacation home counties than in the non-vacation home counties</strong>… The opportunity to work from home could <strong>further raise the demand for vacation homes in future years.</strong></em></p>
</blockquote>
<p>Recent data shows we’ll likely see a sustained increase in the rate of <a href="https://www.simplifyingthemarket.com/2021/07/21/remote-work-has-changed-our-home-needs-is-it-time-for-your-home-to-change-too/?a=712984-fa409495d5d70154d03a25e81e9540e2">remote work</a> over the next five years. That means <strong>your vacation home could be highly sought after by certain buyers</strong>. Lawrence Yun, Chief Economist at NAR, puts it best, <a href="https://www.nar.realtor/newsroom/vacation-home-sales-skyrocket-as-a-result-of-pandemic">saying</a>:</p>
<blockquote>
<p><em>“<strong>Vacation homes are a hot commodity at the moment</strong> . . . . With many businesses and employers still extending an option to work remotely to workers, vacation housing and second homes will remain a popular choice among buyers.”</em></p>
</blockquote>
<h4><strong>2. Selling could allow you to upgrade your vacation spot – or even your day-to-day scenery.</strong></h4>
<p>When <a href="https://www.simplifyingthemarket.com/2021/06/24/demand-for-vacation-homes-is-still-strong/?a=712984-fa409495d5d70154d03a25e81e9540e2">demand is high</a>, so is buyer competition. When competition is strong, buyers will do everything they can to make their offer on your vacation home as appealing as possible. This can include things like all-cash offers and more. If you <a href="https://www.simplifyingthemarket.com/2021/08/17/what-does-being-in-a-sellers-market-mean/?a=712984-fa409495d5d70154d03a25e81e9540e2">sell now</a>, you’ll be able to benefit from high buyer competition and pick the offer with the best possible terms for you. That offer could give you the opportunity to purchase the primary residence of your dreams.</p>
<p>Or, if you find that you’ll continue working from home, you could consider taking up more permanent residence in your vacation home and selling your primary residence instead. While this isn’t a choice everyone can consider, it could be a great option.</p>
<p>No matter what the situation, you don’t have to make the decision on your own. Your trusted <a href="https://www.simplifyingthemarket.com/2021/06/28/save-time-and-effort-by-selling-with-an-agent/?a=712984-fa409495d5d70154d03a25e81e9540e2">real estate advisor</a> can help you determine your best option when you’re <a href="https://www.simplifyingthemarket.com/2021/07/12/4-major-incentives-to-sell-this-summer/?a=712984-fa409495d5d70154d03a25e81e9540e2">ready to sell</a>.</p>
<h3><strong>Bottom Line</strong></h3>
<p>Buyers remain interested in vacation homes this year for a number of reasons. Now that summer is winding down, it’s time to think about taking advantage of today’s demand for vacation homes. Let’s connect today if you’re ready to give your second home its day in the sun.</p>
</div>
</div></article>