It is a good time for people who are looking to buy a beach home to move in to. With rates at historic lows and an excellent inventory still available, it is very much a buyer’s market at the moment. If you come across a beach home that you absolutely must have, now is the time to make that move.
For those who want to buy a beach home to move in to, there are a number of tips that are agreed on by the great majority of coastal real estate experts to make your beach home dream a reality as painlessly as possible. The first tip is to find the area that you really want to move to. You need to prioritize your desires with regard to shopping, solitude, activities for children and your proximity to the beach, and make sure that your broker is aware of what you consider to be important.
Another good tip is to determine how the house is owned. Is it a short sale, foreclosure or free and clear? This can make a big difference in terms of both the timetable for closing and of being able to obtain financing.
It is also a good idea to work closely with somebody who really knows the market. Shopping local will save you from making a number of potential mistakes in looking, offering and closing. You also need to make sure that you have a professional inspection of the house to make sure you do not get any unpleasant surprises at a later date.