Four Steps
to Disney World Area
Vacation Home Ownership
STEP 1: Choose. We
must look at how you intend to use your home. If like most
families, your personal usage is limited to less than 2
months, then it is most important to purchase a short-term
rental home that meets the specific demands of the majority
of vacation renters, so that you can derive the maximum
income. Your home must be close to Disney World (within 15
minutes), have a pool, be furnished correctly, and be at
least a new 3-bedroom/2 bath or larger. What size home will
meet your needs? Certainly, affordability can determine our
recommendations.
STEP
2: Pre-qualify. You will need to be
pre-qualified for a mortgage
so that we will know the parameters (if any) of the financial
commitment available (to pre-qualify at no charge click on the
following link for
quick loan pre-qualification).
A pre-qualification is only good for 30 days; so try to time your
application to still be in effect when you make your trip to the
Disney World area. Also consider the fact that the more money
that you plan to put down as a deposit, the better off you are
when it comes to lessening your monthly obligation. As a general
rule, with most management
companies, a 25% down payment will result in very little,
or no monthly expenses.
STEP
3: Management.
You will want to know more about the management/rental
company that you will contract. What are their charges and
policies? Contact us for management
company recommendations and contact information. Let us know
the dates you would like to stay and we will secure reduced rates.
If you purchase a new, short-term rental, vacation or investment
home through us as a result of your Florida trip, Vacation Capital
Real Estate, Inc. will give you $1000 at closing to pay for your
travel expenses.
STEP
4: Purchase. Naturally, we suggest purchasing your home as
soon as possible. It is currently a buyers market for income producing
vacation
homes because
there are an excess of homes for sale. A large number of homes
in inventory translates into good deals for smart buyers. Interest
rates are also a positive ingredient to excellent timing and currently
rates are headed down again. Consider that if you contract a new
home to be built and deposit a small percentage with a development,
you may not actually need to pay any more money until closing,
which could be as long as up to 12 months or longer from now.
If that timing works, then don't wait for the prices and interest
rates to go up. Plan your trip now. Let us know how we can help.
