Beach real estate currently has a limited inventory, but beach homeowners are still selling. As a buyer, it’s important to understand the seller’s motivations. Glenn Phillips, CEO of Beach Homes Realty, discusses the top 3 factors in beach home seller’s motivations.
- Age-Related. Some buyers reach a certain age where they aren’t comfortable in the environment, they physically can’t live at the beach, or they want to spend time closer to family. They’ve had their fun at the beach, but they’re now ready to return home.
- Lifestyle Changes. The beach may have been great for working from home, but job changes may require more travel or commuting. Some beach homeowners lose interest in the beach and want to move on to other things or have a change of scenery.
- Financial Opportunity. If the owners don’t use the property frequently, they may choose to sell it to earn money at great market prices.
While there are several other reasons beach home buyers sell, these are three major factors. If you’re thinking of buying a beach home, keep these motivations in mind. Visit beach-homes.com to connect with expert beach agents who want to help you find your perfect beach home.