Sunday, January 16, 2011

Who wants to move to Florida??

          A lot of Canadians are "snowbirds" - a term used to describe seniors who escape the frigid winter months here and escape to sunny Florida. With the housing crash in the United States, more people are taking advantage of the cheap prices and buying real estate south of the border.
            My in-laws have lived in Florida for years - and they absolutely love it. As soon as the leaves turn in Woodstock, they pack up the car and head to their 2-bed, 2-bath condo in Delray Beach. Their place is about a mile from the ocean, and the complex they live in has 3 pools and 28 tennis courts. There are walking trails and ponds throughout the 9-building complex. You would think to live at a place like this you would have to put down a huge chunk of change. Au contraire! At the moment, you can get a 1-bed, 1-bath condo starting at $50,000, and a 2-bed 2-bath unit for about $105,000. Monthly condo fees are about $180 and that includes cable and water, use of the pools and all of the facilities. Taxes in the state of Florida are low even for non-residents - 2% of sale price of your unit. So buying low can have a long-term advantage.

Here is a listing that is currently for sale:
825 Egret Circle #104
2 bed
2 bath
1,175 sq. ft
$90,000
You can see the full listing HERE.



I have spent a lot of time at this community visiting my in-laws, and it is absolutely fabulous. If you would like more information on buying a property in Florida, please contact me.


          

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