3 Things Real Estate Agents Want You to Know When Buying a Waterfront Home in Florida
Many Americans long to have a beachfront vacation home. It is no surprise that waterfront properties in desirable locations such as Fort Lauderdale, Florida are appealing and valuable assets. There are always waterfront properties available for sale. It is no surprise. It is no easy task to buy waterfront property, especially in high-demand areas. It’s good to know that real-estate agents will help you navigate the buying process and make it easy.
These are the top real estate agents, like Henri Vezie, that want you to be aware of when looking for homes on the waterfront.
1. Prioritize the location of your home
You may get too focused on the structure of the home when you are looking at waterfront homes to purchase. This can lead you to overlook the most important thing: the location. You cannot alter the location of your waterfront home, but you can make some improvements to it after you purchase. A waterfront home should be able to access the ocean or lake from the property. You should therefore be more concerned about the location of your property.
A waterfront home may seem appealing because it is newly constructed or renovated, but you might later discover that there is no water access. It is possible that you will later discover that the water contains oyster beds and that your boat cannot be steered into the water. You must do your research before purchasing waterfront property for sale. A home with a great view of the ocean and a sound structure is important. Real estate agents who specialize in waterfront realty can help you find the perfect waterfront property.
2. Get a Mortgage Loan Early
Your mortgage lender should be consulted if you are looking to purchase waterfront real estate with home loans. Your lender should assess your credit and let you know how much you can borrow. Your mortgage lender should provide a preapproval letter or a desktop underwriter loan agreement. This will allow you and your realtor to search for waterfront properties within your budget.
You can get your mortgage loan before your dream waterfront home goes on the market. There are many luxury waterfront homes available for sale in desirable locations like Fort Lauderdale. If you wait to make an offer, a buyer could buy the home or offer a lower price. Preapproval of your mortgage is required before you can commit to purchasing a home. Before you look for waterfront realty for sale, it is a good idea to consult a mortgage lender.
3. Take into account the Local Water Rights and Other Regulations
Property owners have multiple regulations that guide them on the type of renovations they are allowed to make to their waterfront property. Experienced real estate agents can tell you what you are allowed to do with your waterfront property. The State of Florida regulates Florida’s beach use. The regulations that govern Fort Lauderdale’s waterfront properties are enforced by the State.
These regulations could limit the type of watercraft that you can use on the lake or restrict the types of renovations you can do to your waterfront property. You may not be permitted to build a dock, seawall, or ride speedboats or jet skis. Before you sign a deal, a local realtor who is familiar with local water rights can help you to understand the regulations.
Florida is a great place to purchase waterfront property. Florida has a population of over 21.31million, so you can expect high demand for waterfront property. You’ll find trustworthy real estate agents that will help you find the perfect waterfront property in the state.
This post was written by Dayana Susterman Dotoli. Dayana is the head real estate agent for the Tiffany House In Ft. Lauderdale Beach. Dayana has assisted over 150 individuals with buying, selling, and leasing at Tiffany House. The Tiffany House Residences is a 12 story tower, offers 129 residences, including 1, 2 and 3-bedroom condominiums and townhomes, with exclusive, resort-style amenities and views of the Intracoastal Waterway and the Atlantic Ocean. To view our Fort Lauderdale oceanfront condos for sale, Contact us today!