You’re not alone if you are thinking of buying a vacation home near the beach. More than 36% of people who purchased a second home were doing exactly what you are considering. There are many great benefits to second homes, including the possibility of rental income. It’s possible to rent out your home for income if you buy the right property in a desirable area. This strategy also comes with a lot of tax benefits. You can create a home that is separate from your home and increase your income by purchasing a second property.
Finding a realtor to help you with the purchase process is the first step towards homeownership. Let’s take a look at five things to consider when looking for helpful realtors.
1. Find a Realtor that you like.
It can be difficult to find a second home that is suitable for you. It can take months to find the right home. Many people spend months touring houses weekend after weekend with their realtor before finally finding one. Selecting a relative who is similar to your social style will make the process easier and less stressful.
2. Ask for referrals
Referrals are the best way to find a relative. You should look all around. Reach out to anyone who is currently listing properties in the areas you are interested in. Ask people you meet to recommend realtors when you visit areas that you are interested in purchasing property.
3. Check that the agent has the right communication tools
It is essential to be able communicate with your agent if you are looking to buy a house in a distant area. Your agent should have the necessary infrastructure to deal with long-distance buyers. These clients are often long-distance and many realtors specialize in this area.
4. Find an agent with expertise
Vacation home and second-home buyers have different needs when it comes to the real estate buying process. These potential buyers often have specific requirements for a home, which may be different from the primary home buyer’s. To ensure that you find the perfect property, work with a professional real estate agent who is familiar with your needs and goals.
This post was written by a real estate expert from the Dotoli group. Josh Dotoli is Paramount Residences #1 Selling Realtor with nine sales in 2021, 3x more sales than any other Realtor selling in the building. The Paramount Residences enjoys a prime beach area location. It is a Ft. Lauderdale oceanfront condo located across from the beach. Looking for a Paramount Fort Lauderdale Floor Plans? Contact us today!