Ocean City
Now is the time to consider buying your Ocean City vacation home the summer season has begun, mortgage rates won’t be at these levels for long, and the boardwalk is calling. You might be ready to pack your bags and head for life by the shore, but don’t act before you go over the details of such a purchase! Carefully consider the following tips for buying a condo or vacation home on Maryland and Delaware’s Eastern Shore and you can be on your way to enjoying the weather and your new home, worry-free.
Calculate the Costs
Just like your primary residence, buying a home in Ocean City requires a bit of number-crunching. Use a mortgage calculator to figure out how much you can afford in a condo or vacation home and then begin your home search. A mortgage calculator can help you factor your income, how much of a downpayment you expect to use, and other monthly debts into the purchase. It’s important to be practical in your purchase of a second home in the Ocean City area— there are many available properties that will allow you to live the good life and we can help you find them! We can also assist you in getting pre-qualified with a local lender to provide you with information on how much you can afford.
Consider the Upkeep
While Maryland and Delaware’s Eastern Shore is a great place to spend the summer, local homebuyers know that not everyday will be a vacation. Your Ocean City condo will need to be maintained and the standard costs of upkeep should be factored into your homebuying decision. Every home needs a bit of TLC every now and then, just be sure you know how much before the sale to avoid any surprises. If you’re buying an Ocean City condo, look into what is covered in your condominium dues as many of these maintenance items are likely covered.
Trust Your Agent
When you work with McNamara & Associates, a local team who knows the area, you can be assured that your journey to owning a second home will be a smooth one. For instance, when shopping for a vacation property, you may have a long list of attractions you’d like to be close to (entertainment, restaurants, shopping), your local real estate team can direct you to the properties that fit those desires. If you have any concerns about the community, questions about the in’s and out’s of Ocean City, we can answer them! There is nothing like working with an experienced real estate team that can put you at ease when making a home purchase. You’re looking to relax and enjoy the beach this summer, we can help!
Research the Seasons
It’s often a great idea to visit the area in which you plan to buy a condo or vacation home during every season. This goes hand in hand with maintenance and upkeep, but visiting a home during the off-season can help you gather a better idea of how the community operates. If you’re set on purchasing a home on Maryland and Delaware’s Eastern Shore but aren’t able to make the trip outside of the sunny summer season, your real estate team can help steer you in the right direction. We’re here at all times and can detail how the community functions even during the times that you may not be around. And remember, Ocean City’s “Second Season” can be just as beautiful and fun as the summer. The spring and fall seasons are wonderful times at the beach!
Trust Your Instincts
Above all else, you’re looking into buying a home on Maryland and Delaware’s Eastern Shore because you enjoy the area. This is one of the primary factors of making such an important decision— it’s important to consider all factors, but of course, make sure you can see yourself and your family in the home for years to come. One of the best investments you can make is in your happiness and if you are looking to spend a lot of time in an idyllic community like Ocean City in the years to come, you can’t put a price on that!
McNamara & Associates is here to help you find the Ocean City condo or vacation home you’ve been dreaming of— contact us today to see what’s available and discuss how you can get started!
Monica McNamara
Coldwell Banker Residential Brokerage
(410) 723-5344
Monicac@Ocean-CitySales.com
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