Three Unexpected Reason’s to Buy
YOUR 30A Beach house, condo, or lot
this FALL vs. waiting until Springtime.
Here we Go! ↓
#1.) You, buyer, have a good chance of negotiating a better deal. (see below)
Seller’s have collected their rental income and you (buyer) are in a more powerful position to negotiate. (Don’t expect to get something “below” market, but sellers are certainly now less inclined to hold onto unrealistic expectations.)
#2.) You’ll pay less today than next Spring (basically guaranteed)
30A is a strong market. Some will say a “Hot” market. With the current market appreciation, if you can buy today, but wait until springtime, you may pay upwards of 1-3% more for it. On the flip-side, if you buy today, you’ll already have equity building by springtime.
#3.) Interest rates are increasing. (We’ll connect you to a lender so you can see the difference over time.)
Buying now, if financing, rather than waiting a few months will save you a lot of $$ on the long-term. Short-term, it will still cost you a little ROI every month if leveraging your cash.
– Another reason it’s a great idea to buy in the fall vs. spring… close now, and you can enjoy your 30A property over the holidays, host some stays with family + friends, add some personal touches, and have plenty of time to market the home for the upcoming 2019 rental season.
And don’t forget — buying a vacation rental property might have some really great tax benefits if you need them. (Talk to a smart tax professional on how it could be beneficial) And as one of our agents famously said — “You can’t take a vacation to your stock portfolio.” and it won’t provide your family with life-long memories either.