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Florida Retirement |
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Buying a Home In Florida
If you've heard about the lower home prices in Florida, you know this may be the right time to buy a condo or home there. The Canadian dollar remains high against the greenback and that's why many Canadians are buying homes in the sunshine state. Remax has thousands of agents, experienced and inexperienced in Florida. We'd like to help you find a good agent that can help you find the home to suit you. There are so many locations to choose from. Popular places to buy are in Sarasota, Miami Beach, Naples, Fort Myers, Tampa, Bradenton, Jacksonville, Tallahassee, Panama Beach, Orlando, Kissimmee, Lakeland, and Key West. Real estate in the more popular areas including Fort Lauderdale, Palm Beach, Miami Beach, Daytona Beach, Key Largo, Destin, Sarasota will be much more costly and comes with a much higher cost of living. You'll have to consider your budget carefully before committing to buying a home. Real estate availability is high so it is likely you'll be able to find the property you're looking for. Let us hook you up with a good Florida real estate agent who can help educate you on the possibilities and risks of buying a Florida home.
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Merritt Island Florida Real Estate
Looking to retire to the sunny south? Many Canadians do retire in the southern US and find the experience rewarding and relaxing. If you have the equity in your home to allow you to purchase Florida real estate, Whether it is Florida, Texas, South Carolina, Alabama, Arizona, or California there are some great real estate opportunities. If living in Merritt Island or near the Orlando area is your goal, maybe we can help. You need a reliable and professional Florida Real Estate agent to help you find the best available properties in Merritt Island whether resale or new construction and we can help connect you with a competent Remax agent.
Buying Real Estate in Florida
A record number of Canadians are searching for and buying Florida Real Estate. From Merritt Island homes to Sarasota condos, Miami condos, and Fort Lauderdale, to vacation homes in Orlando and Fort Myers, a impressive array of properties are available. Remax of course, is your best source for Florida Properties. Merritt Island is located in Central Florida east of Bradenton and south of Orlando.
Latest News: South Florida Home Sales Up
Although the US Federal Tax Credit didn't apply to Canadians buying homes and condos in Florida, our appetite for Florida Real Estate hasn't abated. Sales numbers for the post tax credit perido indicate an almost 16% decrease in sale nationally, and a year-over-year, pending sales plunged 30 percent. This is despite record low mortgage rates. Realtors are noting that foreigners are holding up the Florida home sale market. And for good reason. With prices at rock bottom levels, this is the ideal time to buy Florida Real Estate. In Miami Dade County, average condo prices were only $125,000 while homes averaged $196,700. It stands to reason that many of these properties will become rental properties.
Entering the Florida condo rental market is the perfect way to finance your Florida home if you're not living there 6 months of the year, or if you're buying as an investment. It's a good bet that much of the current demand for Florida Real Estate is investment related. Most investors are watching bank foreclosures and power of sale listings. Contact us now regarding homes and condos in Florida.
Google Map: Merritt Island Florida
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Florida Real Estate News
Florida Foreclosures
It may be a record year for Florida Foreclosures in 2010. According to a report in the St Petersburg Times on July 16th, Florida has the third highest foreclosure rate next to other favorite retirement destination - Arizona and Nevada. "More than 3 percent of Florida homeowners, or roughly one out of every 32, has received a foreclosure filing sometime this year. The number of bank repossessions in the Tampa Bay area in June jumped 43 percent compared with a year ago." For the whole of the US, there were more than 1.9 million foreclosure filings — default notices, auction sale notices and bank repossessions during the first half of 2010.
Canadians Buying in Florida
A study by the National Association of Realtors showed Canadians bought 23 per cent of all the homes sold to foreigners from March, 2009 to March, 2010. However, completing purchases due to US mortgage financing hurdles remained a sizable problem. one third of of potential purchasers were unable to complete their purchase due to financing problems. With US banks still facing problems, Canadians would be wise to look for other mortgage financing solutions.
Other Florida communities: Beverly Hills, Boca Grande, Broward County, Cedar Key, Avon Park, Winter Park, Dunedin, Everglades City, Florida Keys, Destin, Daytona Beach, Englewood, Homestead, Delray Beach, Lakeland, Longboat Key, Key Largo, Kissimmee, Key West, Indian Shores, Lakewood Ranch, Land o Lakes, Kendall, Oviedo, Palm Harbor, Panacea, Ocala, North Naples, Neptune Beach, Siesta Key, Seaside, Sanibel Island, St Petes Beach, Sunrise, Tampa Bay, Royal Palm Beach, Winter Park, Valrico, Titusville, and Tarpon Springs.
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