Tips on Buying a Galveston Island Vacation Home|
Itís a familiar story. After spending a fun-filled week or weekend on sunny
A good Realty will carefully listen to your needs and then arrange to show you available homes that meet your criteria. He or she can also help you with pre-qualification and loan information, if you are financing your purchase. Providing current comparable sales data will help make your offer a competitive oneóand keep you from paying too much for your investment.
Crucial information, including maintenance fees, association dues, any special assessments, property taxes and insurance premiums (homeowners, windstorm and flood) should also be provided to help you determine the total cost of owning the home.
Negotiating the contract down to coordinating inspections are all part of the service.
Where do you find a knowledgeable local Realty? Ask for recommendations from family and friends. Visit open houses. Check out their websites for experience and testimonials. Are they full or part-time agents? Call them on their listings. Do they return your phone calls promptly and with courtesy? Youíll be forming a very important relationship and mutual trust, honest and respect is vital.
If you wonít be using your vacation home every weekend, you may want to consider investing in a resort rental property. Available beach or bay side, the rental income can help defray the cost of ownership. Local management companies can handle all the details for an average fee of 20%.
A more economical way to enjoy
On the other hand, if itís the high end, luxury property youíve got in mind, the islandís
Still canít find what youíre looking for? Home sites are available in nearly all
Owning a vacation home on