A few weeks ago, we talked about the fact that vacation home sales are on the rise throughout the country, and we’ve seen this on the Lake Nacimiento Real Estate market as well!  While it’s an exciting time to see the market continually improving, buying a vacation home can be a nerve wracking decision.

My years of experience in working as a Lake Nacimiento Real Estate agent helping buyers and sellers navigate through the ever changing real estate market has given me insight into what goes into the vacation home buying process.  Here are five tips you’ll want to consider as you think about buying a vacation home in Oak Shores or Heritage Ranch.

1. Know when it’s the right time in your life to buy– Decide whether to buy based on your life and what makes sense for you, your family, your plans and your finances.  If you’re buying a vacation home, chances are you’ve already looked extensively into the financial aspect.  Use the news about what’s going on in the market to decide how to buy: what kind of house to buy, what sort of loan to use, how much to offer, and other strategies for executing your home buying plans.

2. Find the right Lake Nacimiento Real Estate agent– Finding the right Lake Nacimiento Real Estate agent can make all the difference! Be sure to look for the following: qualifications, experienced in the transaction you envision (vacation home, waterfront property, etc…), great referrals and testimonials, is a problem solver, and appeals to your personality style (you could potentially be spending a lot of time with your realtor, so you want to make sure it’s a good fit).

3. Get a good understanding what to expect– Research as much as possible, but be sure to decide on a trusted realtor as soon as possible. They’ll be able to give you a layout of what you can expect from buying a vacation home in Oak Shores or Heritage Ranch. Ask your Lake Nacimiento Real Estate agent questions such as when you’re expected to show up so you can take time off work, and when you’re expected to write checks so you can be prepared.

4. Know the home you’re buying– You may have nightmares of coming home to a recent home purchase only to find it falling apart. Ways to avoid this are to thoroughly go over the disclosures which are required to list out issues or recent repairs within the home, get a home inspection, have contingencies in place when making your offer, maintain a home warranty policy that will cover many major malfunctions for a service call fee.

5. Solve the problem of how much you want to offer– This can be tricky, but there are some ways to determine the price of your offer. Your Lake Nacimiento Real Estate agent can provide a Comparative Market Analysis (CMA) which shows what other homes in Oak Shores and Heritage Ranch are selling for. You can also determine the price by the sellers’ motivation to sell as well as the current market factors.

You’ll find buying a vacation home is similar to purchasing a permanent residence yet, since chances are you’ll be balancing two mortgages, it’s a large decision that you’ll want to weigh out carefully.

Of course I’m available to answer any questions you may have!  I’d love the opportunity to sit down and talk about your goals, what you’re looking for in a vacation home and how we can achieve your goals!

I look forward to hearing from you!

Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

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Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Please let us know how we can help!