Q:

How do you find bargains for beachfront property?

A:

Quick Answer

Find bargains for beachfront property by focusing your search on less popular beaches in smaller cities that have a lower demand and lower cost of living as well as by focusing on the property itself rather than only the home. It's also helpful to look at foreclosed homes for lower prices and to factor in additional costs to determine the overall price.

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Full Answer

One of the most common ways to find bargains on beachfront property is to expand the search into cities with a lower population density rather than looking in areas that have high property values. For example, certain areas of Florida have more beachfront property deals because they are further from the more popular cities such as Miami and South Beach. These areas may have fewer local amenities and less access to restaurants or shopping, but this often helps reduce property costs and results in better home deals. Another method is to look at foreclosures in both these cities as well as the more popular locations to find recent listings looking for quick sales.

Buyers should also factor in the cost of property maintenance with other costs to determine if a home is a bargain because some properties with a lower price may include significant charges for utilities or upkeep for the beach in front of the home. Also, buyers should consider the actual land itself because some older homes have more land than newer homes with newer renovations.

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