How to Buy a Vacation Home

Video Transcript

"Buying a vacation home is an enticing thought. I'm Richard Blake in Clearwater, Florida. And I'm here to explain how you can buy a vacation home. If you are one of the lucky that this is a realistic idea. Then the first thing I recommend is that you contact the local real estate agent of the area that you're interested in and ask them for a list of properties that fits your search criteria. If you are shopping for a vacation home that's out of your State. You can probably have the real estate agent in that area set up a, a email for you that you may receive daily, or weekly or even monthly that's going to include all the properties that are coming onto the market in that area, so you can keep on top of the, of the real estate market while you're out of town. Once you've located the property that you are most interested in, have the local real estate agent run a comparative market analysis on the neighborhood it is that you're interested in. This will give you a good idea of the offer price that you should make to make sure that you don't overpay for the property. OK? Now some considerations that you want to make or think about during this process is just how much you're going to use the property, what time of year you're going to use the property. All of these items will affect what type of property it is you're going to purchase. As far as if you are only going to be in town for maybe a month out of the year or every few weekends or so. You may want to go with a property that doesn't require much maintenance, such as a condominium or a town home. If you're going to live here seasonally and possibly rent it out during the other seasons, you may want to consider a single family home that you can rent out for a little bit higher of a price. OK? Again, just a few ideas for you to think about for those of you who can purchase a vacation home. And in Clearwater, Florida we have plenty of them available, so give me a call if you need anything. I'm Richard Blake. You guys have a great evening. Thanks."