If having a new summer home by Memorial Day is on your to-do list, now is the time to buy, says a recent report from The Wall Street Journal. While that means moving quickly and having fewer properties to choose from, many homes will not be listed until spring. Early buyers will face less competition and are more likely to negotiate a better deal.
With scores of local agents who own second homes themselves, plus its affiliation with the Sotheby’s International Realty network, now more than 21,000 affiliated sales associates in 69 countries and territories, Briggs Freeman Sotheby’s International Realty can make shopping for a getaway home almost as fun as owning one.
Here, top things to consider when purchasing a second home.
Convenience . Consider a second home that is a quick airplane ride away: One will be inclined to visit it more often. With dozens of direct flights departing for popular vacation destinations daily, area airports can make the trips virtually trouble-free.
Locale. Tropical, mountainous and big-city destinations make wise investments because beach, ski and urban markets are limited commodities.
Investment. It’s not always on the buyer’s mind, but a second home should be a good investment. It could become hard to sell if the economy would take a hit. Your agent can recommend locations where properties have proven to hold their value.
Resale. Buy where a second home will appreciate. That can mean looking at gated communities and established developments with desirable amenities such as golf courses, pools, fitness centers and restaurants. You might pay more for the added luxuries, but they can help keep your second home a solid investment.
To see all the exceptional homes, ranches and land offered by Briggs Freeman Sotheby’s International Realty across North Texas and around the world visit briggsfreeman.com.