I will be moving to central FL 55+ around Ocala and Leesburg area. Tracking houses that I am interested in. 18 of them have sold, average 113 days on the market, and $21699 under list price. 53 including those that have sold average time since listed as of today 105 days.
We were planning on retiring next year to Central Florida in a 55 and over community so I have kept up on prices etc in Florida. Inventory has gone way up ,people are moving from Florida because of high costs and low wages. All the houses I am looking at are being reduced before selling. Just spoke to someone who pays $7600 a yr for homeowners and they live in a condo so are not responsible for the roof. We still may move to Florida next yr. Especially if prices drop to a reasonable level but have looked into the Carolina’s ,and a few other states where prices are cheaper along with homeowners insurance. If supply is going way up and demand is dropping well prices have to come down in next couple of years..
Overall, country living is the biggest draw. If you're willing to forgo some comforts like easy access to healthcare, Mississippi provides unmatched affordability and a secure retirement on Social Security alone, ranking eighth in Florida. The beneficial tax laws of Florida With no state income tax and a large Social Security net, it's the perfect place to retire and live comfortably. Retirees may make the most of their Social Security benefits.
arranging items When you bring down your portfolio to a professional advisor such as *Leah* *Foster* *Alderman* she organizes that one shelf. If you work with them correctly, they will help you go far.
I was doubting my ability to live as long as my parents had, so I should be aware that if I start collecting social security or CPP benefits too early, I might lose out on benefits. So nonetheless, much thanks; I'll see how she's doing after this.
Delaware Retirees who want to extend their Social Security benefits should consider Delaware. Delaware's lack of a sales tax is one of its main benefits, as it drastically lowers the price of products and services.
You are aware that some are considering other possibilities. They may not be moving to a 55+ community because of multigenerational housing, which is fantastic because it allows you to live with your parents or your parents can live with your kids. They also mention assisted living and those kinds of chances.
Imagine that, Realtors advising immediate real estate sales? That happens. I'll wait till after the upcoming hurricaine season and its effects on Florida real estate.
Florida is great but there are too many other nice places to live that are better than Florida. Florida high costs, insurance, HOA fees and crowds Not as hot, bigger house, more land for your money are available outside of Florida. I for one am looking more at what is available elsewhere.
I think you must have a real crystal ball hidden away somewhere because you nearly always post videos on a topic at just the moment I’ve been thinking about it. It does seem that with prices coming down this is a good time to buy in Florida. As far as what happens next year and beyond, who knows? Maybe the best approach is to throw out the crystal ball and simply focus on the lifestyle and community you want. Best, Marty
Interesting both thank you! One thing we notice is that a lot of people don’t buy houses just dor them, they are always considering visitors. Don’t know about the rude-looking, specimen jar vase though! 😂😂
Hi ladies!! Great video! This is a tough prediction. I’ve seen home prices here up north stay super high and prices going down ever so slowly down by you. As far as insurance… etc., doesn’t even compare to taxes up here. I do understand the interest rate dilemma. Whew.. tough to predict what’s next! I did hear, however, that some HOA *rules* have changed.. for the better! Can you confirm that and are the changes something to even talk about at all? You both look fabulous!! 🥰 Thanks again for always being so down to earth! (Hi Justin!😅)
Kind of funny, you used a phrase I used as a justification. My first house had a mortgage rate of 7.5%, my second house 3.625%, my current house is 2.875%. Having said all that I am under contract for Del Webb Stone Creek at 6.25% (VA). My reason for building a new house at Stone Creek was quality of life😀, financially it would make more sense to stay where I am (Groveland). I had gotten a quote of 4.25% for a spec home earlier in the year but I wanted specific things in my home and I wanted the choice as all my other homes I bought had the options previously chosen. And you are both very young. Don't forget your peanut butter sandwitches😁
U are completely crazy. Most retired people have to sell their homes in other markets to buy in Florida. So Florida 55+ is more dependent on the rest of the country then most. In addition the Florida inventory has exploded , taxes are exploding , insurance exploding. The last 3 items are seriously impacting fixed income buyers.
UMM I wish you were right but NO. High mortgage rates, HOA fees, HOA boards who think they are someone important and act like tyrants, Home owners insurance, and people who buy MORE then they can afford are why. See you in 2029. No disrespect intended.
I will be moving to central FL 55+ around Ocala and Leesburg area. Tracking houses that I am interested in. 18 of them have sold, average 113 days on the market, and $21699 under list price. 53 including those that have sold average time since listed as of today 105 days.
That’s how you research. We are doing the same
Another realtor that wants you to buy now.
We were planning on retiring next year to Central Florida in a 55 and over community so I have kept up on prices etc in Florida. Inventory has gone way up ,people are moving from Florida because of high costs and low wages. All the houses I am looking at are being reduced before selling. Just spoke to someone who pays $7600 a yr for homeowners and they live in a condo so are not responsible for the roof. We still may move to Florida next yr. Especially if prices drop to a reasonable level but have looked into the Carolina’s ,and a few other states where prices are cheaper along with homeowners insurance. If supply is going way up and demand is dropping well prices have to come down in next couple of years..
Overall, country living is the biggest draw. If you're willing to forgo some comforts like easy access to healthcare, Mississippi provides unmatched affordability and a secure retirement on Social Security alone, ranking eighth in Florida. The beneficial tax laws of Florida With no state income tax and a large Social Security net, it's the perfect place to retire and live comfortably. Retirees may make the most of their Social Security benefits.
arranging items When you bring down your portfolio to a professional advisor such as *Leah* *Foster* *Alderman* she organizes that one shelf. If you work with them correctly, they will help you go far.
I was doubting my ability to live as long as my parents had, so I should be aware that if I start collecting social security or CPP benefits too early, I might lose out on benefits. So nonetheless, much thanks; I'll see how she's doing after this.
Delaware Retirees who want to extend their Social Security benefits should consider Delaware. Delaware's lack of a sales tax is one of its main benefits, as it drastically lowers the price of products and services.
You are aware that some are considering other possibilities. They may not be moving to a 55+ community because of multigenerational housing, which is fantastic because it allows you to live with your parents or your parents can live with your kids. They also mention assisted living and those kinds of chances.
Imagine that, Realtors advising immediate real estate sales? That happens. I'll wait till after the upcoming hurricaine season and its effects on Florida real estate.
Florida is great but there are too many other nice places to live that are better than Florida. Florida high costs, insurance, HOA fees and crowds Not as hot, bigger house, more land for your money are available outside of Florida. I for one am looking more at what is available elsewhere.
55 plus today is not what it used to be. a lot of great topics and things to think about.
I think you must have a real crystal ball hidden away somewhere because you nearly always post videos on a topic at just the moment I’ve been thinking about it. It does seem that with prices coming down this is a good time to buy in Florida. As far as what happens next year and beyond, who knows? Maybe the best approach is to throw out the crystal ball and simply focus on the lifestyle and community you want. Best, Marty
I agree. If you're buying a home to stay in a long time, price doesn't matter so much.
Interesting both thank you! One thing we notice is that a lot of people don’t buy houses just dor them, they are always considering visitors. Don’t know about the rude-looking, specimen jar vase though! 😂😂
Hi ladies!! Great video! This is a tough prediction. I’ve seen home prices here up north stay super high and prices going down ever so slowly down by you. As far as insurance… etc., doesn’t even compare to taxes up here. I do understand the interest rate dilemma. Whew.. tough to predict what’s next! I did hear, however, that some HOA *rules* have changed.. for the better! Can you confirm that and are the changes something to even talk about at all? You both look fabulous!! 🥰 Thanks again for always being so down to earth! (Hi Justin!😅)
Kind of funny, you used a phrase I used as a justification. My first house had a mortgage rate of 7.5%, my second house 3.625%, my current house is 2.875%. Having said all that I am under contract for Del Webb Stone Creek at 6.25% (VA). My reason for building a new house at Stone Creek was quality of life😀, financially it would make more sense to stay where I am (Groveland). I had gotten a quote of 4.25% for a spec home earlier in the year but I wanted specific things in my home and I wanted the choice as all my other homes I bought had the options previously chosen. And you are both very young. Don't forget your peanut butter sandwitches😁
U are completely crazy. Most retired people have to sell their homes in other markets to buy in Florida. So Florida 55+ is more dependent on the rest of the country then most. In addition the Florida inventory has exploded , taxes are exploding , insurance exploding. The last 3 items are seriously impacting fixed income buyers.
Looking good Tricia! (You too Nicky 😉) Thanks for the videos. Jeff & Arlene - WI
UMM I wish you were right but NO. High mortgage rates, HOA fees, HOA boards who think they are someone important and act like tyrants, Home owners insurance, and people who buy MORE then they can afford are why. See you in 2029. No disrespect intended.