Last Updated on July 1, 2025
Whether you’re dreaming of a beach retreat, a mountain escape or a cozy lakefront cottage, buying a vacation home is a major investment—and an exciting milestone. At Allen Tate, we’re here to help make your dreams a reality. We’ve come up with seven steps you should follow as you look to fulfill your goal of owning a vacation home.
1. Define Your “Why”
Before you begin the process, start by clarifying your goals. Are you looking to buy a property for personal enjoyment, or are you also considering using the property as a rental? By formulating a plan about how you plan to use the home, this will help you make key decisions throughout the process, from location to financing.
2. Choose the Right Location
Think about what kind of vacation spot you’re looking for. What fits your lifestyle? Would you prefer something within driving distance or a flight away? Allen Tate’s local experts can help you find a spot that fits both your vision—and your budget.
3. Get Pre-Approved for Financing
A second home requires different financing than a primary residence. Our mortgage professionals at Howard Hanna Mortgage Services can walk you through pre-approval. We’re here to help you understand your buying power and explore loan options designed for vacation properties.
4. Work with a Local Allen Tate Agent
Vacation markets are unique and can be hard to navigate. That’s where Allen Tate and our qualified agents come in. An agent who specializes in your target area will help you navigate seasonal pricing, rental regulations, homeowners’ association rules and more. They’ll also ensure you don’t miss out on hidden gems.
5. Understand the True Costs
Beyond the purchase price, consider the ongoing costs of ownership. These may include maintenance, property taxes, insurance, utilities and potential property management if you plan to rent it out. We’ll help you estimate these costs upfront, so there are no surprises later.
6. Visit the Property—More Than Once
It’s easy to fall in love with a property based on photos. But the best way to decide if it’s love at first sight is to go to the spot in person. If possible, see the home in different seasons and times of day. Your agent can schedule private tours and walk you through the pros and cons of each option.
7. Close with Confidence
Once you’ve found the right home, our team of real estate, mortgage and insurance professionals will guide you through a smooth closing. Howard Hanna Mortgage also offers unique programs—like our 100% Money Back Guarantee on qualifying homes—to give you added peace of mind.
Let’s Make Your Getaway a Reality
Buying a vacation home is much more than just a real estate transaction. It’s an investment in future memories and good times. With Allen Tate by your side, you’ll have the local knowledge, personalized services and trusted resources to buy with confidence.
Ready to start your search? Contact your local Allen Tate agent today or explore available vacation homes at allentate.com.
