Buying Property in Florida

Johnny_Doe

Would anyone consider investing in property in Florida now? Prices seem quite low to me (many sub £100k) Cheers

prudryden

Johnny_Doe wrote: »

Would anyone consider investing in property in Florida now? Prices seem quite low to me (many sub £100k) Cheers

Probably a very good time to buy. However, renting out the property when you are not there can be very difficult. American's will haggle over rents fiercely. You may also need your own web site to market the property.

Angela_D_3

Have you seen the price of flights ?

We stay on Disney properties, Animal Kingdom so a 5* hotel in 2008 for the same price as they now want just to fly you over there.

geoffky

Here we are three years on and prices are still falling...i wonder if the op bought... prices still have a long way to go yet as the glut of properties for sale and foreclosed are eye watering..

geoffky

prudryden wrote: »

Probably a very good time to buy. However, renting out the property when you are not there can be very difficult. American's will haggle over rents fiercely. You may also need your own web site to market the property.

This is what people said before the wall street crash..most lost the shirts off their back after thinking prices could not fall further..they did another 90%..:T:T some people should not be let near money..

Nobjocki

geoffky wrote: »

Here we are three years on and prices are still falling...i wonder if the op bought... prices still have a long way to go yet as the glut of properties for sale and foreclosed are eye watering..

Actually I'm down in Florida at the moment buying a property overlooking the sea which is down 70 per cent from its 2006 price of nearly half a million dollars.

As ever the key to success is location, doing your research and predicting when the currency exchange rates are favourable which they are at the moment.

Resarch is helped by the huge amount of readily available and accurate information on the internet and talking to people on the ground - the general view here among people and something that I've discovered is the prices have reached the bottom, have been stable for a while and are even rising in the good areas.

And some things remain constant about Florida such as the weather and quality of life.

The forecast today is 85 degrees and sunny.
:beer:

Johnny_Doe

How are you getting on now?

I wouldn't believe any locals as it's in their own interest to say prices have reached bottom so that they may go up again?

Nobjocki wrote: »

Actually I'm down in Florida at the moment buying a property overlooking the sea which is down 70 per cent from its 2006 price of nearly half a million dollars.

As ever the key to success is location, doing your research and predicting when the currency exchange rates are favourable which they are at the moment.

Resarch is helped by the huge amount of readily available and accurate information on the internet and talking to people on the ground - the general view here among people and something that I've discovered is the prices have reached the bottom, have been stable for a while and are even rising in the good areas.

And some things remain constant about Florida such as the weather and quality of life.

The forecast today is 85 degrees and sunny.
:beer:

geoffky

Prices are still falling over there and the taxes have gone up since 2008..still a waiting game if it was me.