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Possibly moving to FL. What is the housing market like?

 
 
mm25075
 
Reply Sun 8 Nov, 2009 11:57 am
Ok, so this is my series of threads dedicated to our recent resident troll. You may tire of the variety of different topics but no doubt, you'll be well informed on the subject matter. Very Happy Oh and uh, if you don't like spiders. Don't look at my "How big are the bugs really ?" thread. You've been warned.


To rent or own?
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Type: Discussion • Score: 0 • Views: 1,240 • Replies: 9
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Phoenix32890
 
  1  
Reply Sun 8 Nov, 2009 12:44 pm
@mm25075,
I would say that if you can afford it, buy now. I don't know if the market has hit bottom, but houses are MUCH cheaper than they were three years ago. In addition, there are many foreclosures.

I think that more people are buying than last year, so IMO the prices might be going up in awhile.
mm25075
 
  1  
Reply Sun 8 Nov, 2009 02:14 pm
@Phoenix32890,
I did a quick look of the price range I could afford for something similar to what I have currently. Yay for the intrawebz! Looks like it matches, nothing yet that excludes me from the market.

Utlities or other costly things...?

When I lived in CA, there were worries about salt ocean air on car paint jobs, is that a possibility?



roger
 
  1  
Reply Sun 8 Nov, 2009 02:20 pm
@mm25075,
You might take a look at insurance rates.
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Brandon9000
 
  1  
Reply Sun 8 Nov, 2009 03:19 pm
Anyone you offered to buy a house form would probably sob with gratitude at the moment.
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panzade
 
  1  
Reply Sun 8 Nov, 2009 03:32 pm
Now's the time. My sister found a foreclosure(2bed 2bath) the bank was offering for 49k. She got it for 54.
Big lot, nice neighborhood. Now's the time.

You could rent for a year 'til you're settled in.
roger
 
  1  
Reply Sun 8 Nov, 2009 04:39 pm
@panzade,
Your sister is a very shrewd negotiator.
panzade
 
  1  
Reply Sun 8 Nov, 2009 04:46 pm
@roger,
No, not really Roger. Unfortunately there are so many foreclosures in this town that the banks are practically giving the homes away just to stay afloat. There were only 2 other bidders and I guess they found other deals.
The secret is to have the cash or loan ready to go;48 hour notice.
roger
 
  1  
Reply Sun 8 Nov, 2009 04:49 pm
@panzade,
Yeah, but she still got them from 49 up to 54.
panzade
 
  1  
Reply Sun 8 Nov, 2009 05:55 pm
@roger,
I'm trying to figure out if you're just being a wise guy...or you just don't understand how bank foreclosures work..
in any case, I miss you. When you gonna come over to the East Coast?
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