Is it better to rent or to buy? That depends on the individual situation, which is why its a smart idea to work with a Realtor who can help you determine what is best for you. The Mike Z Team are real estate experts in Southwest Florida and we know there are pro’s and con’s in the decision of rent vs buy. It is common here in Southwest to spend at least one winter renting to get a feel for the area and communities. This way you have 3 months to explore before locking yourself in to a home. The downside is the longer you wait to purchase, the more potential for price increase there is and interest rates to rise, as history will show. Also, Seasonal rentals rates can be as high as 3x Annual rental rates since demand is very high and supply is limited. Check out below to see what condos sold in The Quarry in February 2016:
The Quarry Condo Sold in February 2016
8727 Coastline Ct #201, Silverstone, The Quarry, Naples: 3+Den, 2 Full Bath, 1 Half Bath, 2,297 Sqft, 2nd Floor, 2 Car Garage, Sold for $375,000 in 66 days
There is a lot to think about when considering purchasing a home, whether your main residence, a second home or even an investment property. Each carries unique factors to consider and The Mike Z Team professionals can point out some factors you may not have considered yet. For more information on The Quarry or similar Naples Communities such as Mediterra contact The Mike Z Team today at 239-325-6490 or mikezrealty@gmail.com