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Old 07-01-2012, 07:38 PM
31 posts, read 38,813 times
Reputation: 28


My husband and I were recently talking about buying property in FL to retire, this would have to happen about at least 3 - 4 years from now. We are talking about paying 100G cash more or less for 3 bed, 2 bath (slight fixer upper OK) in the middle class( I know FL is different, right now we are in NJ in one of the most expensive counties in the US) somewhere on east coast, middle of the state preferable ( I would go south, but he wants mid). Any recommendations, lets say Vero Beach area.
We used to live in Melbourne in the mid nineties, but then we never thought of exploring the state with the angle of moving back.
Any of your thoughts will be appreciated.
I am concerned about taxes, convenes and such.
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Old 07-01-2012, 07:54 PM
3,576 posts, read 5,904,462 times
Reputation: 1431
Properties under $100k go quickly. Most if not all are cash buyers with multiple bids.

Actually homes below 200k have been moving rapidly.

Property taxes usually average 1.5% of value give or tax per year. If you live in HOA. The fees will depend on many factors (gated vs non gated)
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Old 07-01-2012, 08:01 PM
Location: Cumming, Georgia
808 posts, read 2,828,882 times
Reputation: 333
aneftp is right. Be ready to close fast and have little contingency as possible.

A friend of mine bought her house unseen. She is familiar with the model and the community. It took her 8 tries before finally got her offer accepted. She and her husband made many house hunting trips to FL from Michigan. Their RE agent alerted of this house before it was listed (it was from the RE's agent's office).
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Old 07-01-2012, 08:52 PM
Location: Lake Mary, Florida
793 posts, read 2,151,617 times
Reputation: 264
Just shows we are technically in a sellers market.
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Old 07-02-2012, 07:07 AM
Location: Lexington, SC
4,281 posts, read 10,289,034 times
Reputation: 3700
I might suggest looking up in the panhandle area of FL. Panama City, Tallahassee, area. Great weather and not the hassle/traffic of other parts of FL.
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