Hamptons Properties

So you think you are ready to invest in a second or vacation home in the Hamptons, NY. You will need to be prepared have your financing options all in order. I have seen people lose a lot of money by not coming up with secured financing on TIME. The sellers will look forward to keeping your large deposits and moving on to the next buyer or even making you deposit more funds and not adjusting the price. It is business out here and a lot of money can be lost if you are not prepared.
Second thing of great importance is a REAL ESTATE attorney some one who knows about contracts and time managment is very important. You and your attorney will be dealing with high power attorneys that are on retainer for the principal and their business. They dont make mistakes and when they do it hurts you not them.
Third is to have a trusted experienced Real Estate agent. This person will earn a large commission and will WORK hard to make the deal flow by contacting involved parties and arranging to have the home available for inspections , all other investigations and to make you happy for the hope of future work and referrals, Just remember here in NY this person is working for the principal. It would be of intrest to you to get a buyer broker but than you will most likely have to pay this commision ,the value is worth it but if you could get an agent in an area you are intrested they generally are honest as required by law and accepted as the normal route of business.
RESEARCH the areas that intrest you, visit the towns and local shops. Become familiar with the ammenities and necessities or lack of what ever the case. Remember this is a business venture make sure you are buying value at a low cost in a good area. Then you will be happy as your options will broaden and view not squed.