Vacation Property Walkthrough: Introduction

Many homeowners look forward to purchasing a second home that can be used for vacation purposes, rental income, investment purposes or as a primary residence during retirement. Finding and purchasing a vacation property takes the same time, effort, research and number crunching as buying a primary residence. Since the buyer already has a place to live, however, there may be less urgency involved and more time to wait for the perfect opportunity. This guide will explore the various aspects of vacation property ownership, from important considerations to financing options, overseas transactions and property management.