When is the Right Time to Buy Destin Real Estate?
If you’ve been waiting for the right time to buy a home in Destin, FL, according to Realtor.com this may be it. The online real estate services company recently released their inaugural "Cost Report" outlining the financial penalties of delaying home ownership in today’s market.
Anticipating projected increases in interest rates and housing prices, the report estimates that delaying ownership would cost the average homeowner $217,726 in wealth over a 30-year period, as opposed to renting. Though every market is different, home ownership will result in an estimated financial benefit of at least $100,000 over 30 years in nearly 90 percent of Metropolitan Sales Areas. Not surprisingly, the more accelerated the market, the greater the potential gain.
This trend holds true in the Destin and South Walton markets, where the average sales price on residential listings is up an average of 10 percent year-to-date over the same period a year ago. If you’ve been thinking of owning your own place at the beach, now might be the time. Not only are Interest rates still low, but your beach home can generate considerable income to help offset the costs of ownership when properly managed by an experienced vacation rental company.
Newman-Dailey’s team of South Walton and
Destin Real Estate Agents have decades of combined experience in the local market and can provide valuable advice. Contact one of our friendly real estate professionals today to turn your dream into reality. Call us at 1-800-225-7652.
See you @ the beach!
Photo: 105 Trae Lane in Santa Rosa Beach Sunday, June 14, 2015