“Very often the last thing on people’s minds when they go on holiday is investing in property” he says. “However, once they return home, the idea of owning a holiday home or even moving to the area permanently becomes more appealing.”
Goslett warns that as with any property purchase, investors should do their homework before investing. “There are a number of dangers associated with buying property sight unseen, and buyers should treat the purchase of a second home in much the same way as they would their primary residence.”
He recommends using a local agent who is familiar with the market conditions in the area and says that overpricing is a reality at the moment, and buyers need to ensure that they are getting good value for money.
Adrian Goslett, the CEO of RE/MAX shares some valuable tips if you are considering purchasing a holiday home.
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