Vacation Properties in Sunny Florida

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Florida is the land of vacationers and it is also one of the prime markets for vacation homes. People come to visit and think, “I wish I could live here.” And they can! But helping a seller or a buyer with a vacation home is different from helping people negotiate their primary residence.

Often, a vacation home transaction is not urgent. No one is depending on this sale to provide them with a home or release them from a home they want to leave. Sellers can take their time making up their minds and buyers can scout around longer and really look at all the options.

Lending is also different. Some lenders have good programs for a vacation home buyer, others prefer to stick to owner-occupied homes. Not all lending incentives and packages are available for a second home.

Marketing the vacation home means forgetting the value of being in a good school district and, instead, focusing on how many miles the property is from the beach. How long is the drive to nearby attractions like Disneyworld and Universal Studios? Is there a golf course nearby? Restaurants and walking trails close? Those external factors become much more important than how close job opportunities are.

At RE/MAX Flagstaff we know how to help you find your ideal vacation spot in Northeast Florida. We know how much you will save on your annual vacation costs and can advise you if you want to rent the home out when you are not using it. We can also help you effectively market and sell it when the time comes. We have buyers who are interested!

The market comes and goes for residential home buying categories and at this time investors are buying a smaller percentage of the overall market, single family home buyers are holding steady, and vacation home buyers have taken an upturn! This market has languished for a while but the improvements in the economy are now really making a difference. Come talk to the professional team at RE/MAX Flagstaff or just give us a call at 386-246-8585.

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Thursday, 17 October 2019

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