From pre-approval to paying points, buying a home is always a complicated process. But throw “waterfront” in the mix, and things get even more complex. Fortunately, real estate agents who regularly deal with waterfront properties know the ins and outs of this process. These 10 tips from the pros will give you a heads-up on what to expect when purchasing a home by the water.
- Find a real estate agent who’s a true waterfront specialist. The average agent won’t have the detailed knowledge of waterfront properties in your area to help you find the best deal on a property that’s right for you, says Ramara Garrett, owner of Waverly Property Group in Daytona Beach, Fla. “You may think you’ve found a great deal, but the reason it’s a great deal is because there are oyster beds and people can’t get their boats in and out,” Garrett says.
- Consider the property more than the structure. “Oftentimes, people fall in love with a house, but after they buy it, they realize the swimming is mucky, the view’s not very good, it’s difficult to get down to the water, or the place is not very private,” says Tom Ferent, a broker with Mr. Lakefront, which specializes in lakefront properties in Maine. You can change the house, but you can’t change the location, so buy a property that you really love.
- Choose a property that truly fits your lifestyle. (Read more here)
Mary Brennan is your waterfront specialist – call her at 630-660-7631 today for your questions on waterfront property in southeastern Wisconsin!