Quote:
Originally Posted by 8gv
I pay Long Bay fees of $1,750/year and my "village" fee is $500/year.
We own our home and lot.
Real estate agents and their clients sometimes get the fee numbers wrong.
Due diligence is a must.
Regarding an owned boat slip:
Check with the town to see what the annual taxes are.
Also, there may be an annual fee for general dock maintenance.
If your intention is to make it your permanent residence in five years you may benefit from waiting a while.
The vacation home demand here may have peaked and more reasonable prices could be on the horizon.
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Yes, agree 100%…we are just getting back into the market because we see the beginning of the softening, we missed the run up by about 6 months in 2020, so we decided to pull back and watch. I think there will be a definite softening over the next 24 months, so we’re hoping to find a desirable house at a price we think is reasonable. We’re seeing sooooo many houses priced 200k-300k higher than what they were bought for 2-2.5 years ago. That’s usually not sustainable over the long term. Not trying to time the market, but also trying to be smart with our hard earned dollars. 🤞