Good advice from all, but I would add this comment for you to consider.
Why would you want to buy a place when you are only going to use it a few weeks per year? In this economy where people are not spending money on vacations, you may not be able to keep it rented. Alhough you can get a great price right now, and mtg rates are low, I'd advise you to run this by your CPA or Financial planner, as there will be many fees aside from the mtg, taxes, Condo or HOA fees.
You'll need to pay a property mgmt company to rent it out as well. Once you run an analysis of the cost of aquistion and maintenance against just renting a place yourself when you visit, then you will know what the right thing for you do is.
I am an accredited consultant in real estate and can give you unbiased information not contingent on selling you something and earning a commission. If you need a great Financial Planner to discuss this matter further, I can help you with that as well.
This is a lot of money to invest, and based on your tax bracket , age, and many other factors it may be better for you NOT to buy - then again, as long as you know what all of the fees will be, and you don't have to count on it being rented, you may be best off buying while prices and interest rates are low. You'll need to consider this for a long term investment as it could be a few years before the market gets back to normal, so don't get in a position where you need to sell and liquidate quickly, because with closing costs to sell or doing a
10-31 exchange, it could take months and you may come out of it with a loss.
Proceed with caution and information, let me know if you need names of a CPA, financial planner or a real estate agent to work with to help you make an informed decision.