The Guide to Buying Your Second or Vacation Home

    Considering the idea of purchasing a second home? This idea has become become more popular lately,  especially in the Southwest Florida area.  Bonita Springs, Naples, and Fort Myers are all popular areas  where people are purchasing homes for all kinds of reasons –recreation, vacation, development and retirement!

    Whether you’re buying a home because you want to live in paradise or for investment purposes, now is the perfect time to purchase a second home.

    Consider these four steps before making such an investment:

     

    1. Decide if it’s the right time to buy: it’s important to assess your goals and clearly state what your objective is for your second home, consider the current market and look for steady appreciation rates
    2. Know what to look for in a second home: try out the area by renting and gaining a feel for the travel time and expenses , visit the home during each season to get an idea of what it’s like year-round, talk to the locals and get their perspective of the area and how it’s changing, what types of people are moving there and what it’s like off-season
    3. Explore financing options and negotiations with the seller: generally, the sellers of a second home tend to be more flexible, for mortgage financing, use a local lender that has expertise and knowledge of the market, and understand that there are more strict guidelines for a mortgage for an investment property
    4. Learn the ins and outs of tax: consider the property taxes, utilities, HOAs and other expenses, the interest on the mortgage of a second home is tax deductible, ensure to work with a tax professional before getting too far into the second-home buying process

    According to the National Association of Realtors, the number one location to buy is the south. Property types such as single-family homes, townhomes, and condominiums are the most popular.

    Bonita Springs, Fort Myers, and Naples offer a beautiful opportunity to own a second or vacation home in paradise. Even if you’re not available for closing, Scott and Angela have plenty of experience working with out-of-state buyers. Contact the Dellatore Team | Scott and Angela, today! They will listen to your wants and needs in your home to find you the perfect fit.

    Bonita Springs, Fort Myers, and Naples offer a beautiful opportunity to own a second or vacation home in paradise. Even if you’re not available for closing, Scott and Angela have plenty of experience working with out-of-state buyers. Contact the Dellatore Team | Scott and Angela, today! They will listen to your wants and needs in your home to find you the perfect fit.

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