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Buyers are typically looking for some or all of the following:
- A home away from home for their vacation - higher quality accommodation, with space to relax in comfort and privacy, which a hotel room just cannot provide. This is especially attractive for families with children or groups of friends who enjoy vacationing together
- The advantage of renting out their second home when they are not using it:
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- The economic attraction is hard to ignore when Disney hotel rooms are $160 per night and more
- Typical rent for a completely furnished single family 4 bedroom 2.5 bath home with private screened pool, equipped to handle up to 10 guests, is as low as $110 per night in low season, and $180 per night in high season - most often 2 families split the home
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A retirement home for the future but taking advantage of today's prices
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A way to diversify an investment portfolio by including "bricks and mortar" as a safer option than others (Real Estate appreciation in the greater Orlando area has proven to be in the 56% range for the last 7 years and is predicted to be in 70-80% range for the next 10 years!)
- An opportunity to re-locate some or all of their investment portfolio from less stable countries / economies to the USA (one of the most secure economies in the world!)
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