How many times do I listen to the same questions? How long it’s going to take? What’s my forecast on Florida real property? I offer every day with different types of purchasers: the investor, the holiday home buyer, the first-time home buyer, the blissful luxury home buyer, the wondering, you name it.
They will all have different approaches. Ideally, the investor would like to rent and cover totally or a significant part of his regular mortgage costs, his insurance, maintenance or condominium fees, and his fees. The vacation-home buyer desires to keep his monthly payments under control, because by definition he is aiming to have fun with his purchase, rather than to make himself a new source of headaches. He adds the mortgage repayments, the condominium fees (because they are usually interested by condos), and the house taxes. And he will compare that to hiring a good accommodation or suite for two weeks or even a month.
The “empty nesters”, that are in retirement, and trying to downgrade to a smaller place, once their kids are gone, are a special case. They have been helped by the “portability” feature now added to their ‘save our homes’ protection. They’ll pay less property taxes if they move Typically.
However, most of them have lived in homes where they can in some way control their maintenance expenses. Moving to a condominium building means monthly charges as a lump sum, plus eventual “assessments” costs for repairs or upgrades to their condo building. These “condo …Read More