Amazed at home prices near Kissimmee........

[palmtreegirl]

Loving this thread and so happy I started it. I'm loving hearing everyone's opinions on this, especially those who live there now. I really wish that I could see into the future 1 1/2 years from now.
I am praying prices do not raise drastically by then!

No offense, but I hope that doesn't happen. We have way too many friends that are drastically upside down in their mortgages and I hope for them the prices start rising again soon!

 

[snowywhite89]

Loving this thread and so happy I started it. I'm loving hearing everyone's opinions on this, especially those who live there now. I really wish that I could see into the future 1 1/2 years from now.
I am praying prices do not raise drastically by then!

If you are so certain you want to move then why wait for 1.5 years? Buy the second home now at these great prices and use it for vacation until the 1.5 years are over.


Your list of best cities are mid $60Ks to well over $100K. That is not the norm for FL. Many in the Orlando area earn minimum wage or just a small amount more. For them a $50K house is out of range.

 

[loveysbydesign]

If you are so certain you want to move then why wait for 1.5 years? Buy the second home now at these great prices and use it for vacation until the 1.5 years are over.


Your list of best cities are mid $60Ks to well over $100K. That is not the norm for FL. Many in the Orlando area earn minimum wage or just a small amount more. For them a $50K house is out of range.

I was just posting the list for others to see, that doesn't mean I want to live in those places.
As far as buying now we wouldn't feel comfortable having 2 mortgages. When we sell our home we could buy one in FL with the cash we make from selling our current house and then not have any mortgage at all.
My dh says we just need to have patience and wait. At least that gives me plenty of time to research the areas and time to prep our kids when we move. If things change and it is out of grasp then I guess we will just have to wait a little longer.

 

[loveysbydesign]

No offense, but I hope that doesn't happen. We have way too many friends that are drastically upside down in their mortgages and I hope for them the prices start rising again soon!

Sorry I wasn't trying to upset anyone, I just meant I hope the prices don't double or triple in the next year or 2.

 

[disneyjunkie]

OP thanks so much for starting this thread.

My boyfriend is sick of NY. We started talking about moving last fall, but I was trying to put it off. Last month I finally agreed to move in 2012. Well, now he wants to push it up August or September 2011.

I can't believe the prices posted in this thread. I live and work in the Bushwick and Bed-Stuy sections of Brooklyn (inner city). We can't find anything under $450K.

Crime as in North Philadelphia "locked gates on your front door/bars on your windows/children killed in the crossfire of drug deals gone wrong" crime or "mostly misdemeanors with a felony here and there" crime?

Sign me up! We could form the DIS Homeowners' City Improvement Coalition!

Add me to the list.

We live in the Kissimmee zip code, but actually about 15 miles west of the actual city, eight miles west of Celebration. Nicely kept-up neighborhood, but quite a few for sale. We have 3BR, 2BA, FR, DR, TS Kitchen, 2 car garage, screened heated pool, corner lot. Bought in 2003 fully furnished for $145,000, probably lists for about $100,000 now. Property taxes are about $1400 a year, insurance, including hurricane, is about $1700 a year. Does this help?

Thanks, that helps a bunch.

Those homes are really inexpensive!

We still have to have jobs and from what I hear good ones are hard to find in central Florida. Doesn't anyone else on this thread still have to work? And if so, what about finding jobs?

We still have to work and pay college tuition for our sons. I'm a teacher. Three friends moved to central FL last summer. All three were able to find jobs pretty quick. Not sure if they got lucky or if that is the norm.

They are building a rail system between Tampa and Orlando. Those jobs should be available soon.

Interesting

 

[lesroi]

May I ask whereabouts you live? I am working on narrowing it down to 7-10 communities to choose from that are within 30-45 minutes of WDW!

We live in Clermont. Highly recommend this area! The area of Clermont where we live is right at 40-45 minutes from Disney. We live behind Lake Louisa so it takes awhile for us just to get to 27.

Tracy

 

[lesroi]

I was just posting the list for others to see, that doesn't mean I want to live in those places.
As far as buying now we wouldn't feel comfortable having 2 mortgages. When we sell our home we could buy one in FL with the cash we make from selling our current house and then not have any mortgage at all.
My dh says we just need to have patience and wait. At least that gives me plenty of time to research the areas and time to prep our kids when we move. If things change and it is out of grasp then I guess we will just have to wait a little longer.

I would not worry that much. I don't think the prices of homes will rise *drastically*. I think mortgage interest rates will rise. However, if you are going to pay cash that will not be a worry for you!
I never recommend to my clients to spend beyond what they feel comfortable with and if 2 mortgages make you feel queasy, then don't do it! Florida will still be here when you are ready.


Tracy

 

[cheerful chickadee]

This thread really has piqued my interest. My DH can work from home pretty much anywhere for his company and I'm a sahm. I'm totally sick of this weather up here, being housebound for 5/6 months really does takes it's toll. I was born and raised here so this would be a huge adjustment. I'm just very tempted right now. We'd be first time home buyers, wonder if any of these houses would meet requirements for some credits because of that? Owning our own house always seemed out of reach because of the prices up here.

 

[ccgirl]

Just like any other area, you are going to pay more for a house in a "better" area. We looked into purchasing an investment property and we actually decided against it. Speaking to various mortgage brokers we learned that people were having a hard time even finding someone to insure a home there or give a mortgage with so many foreclosures. Now, if you were to purchase it outright that would be different. Did you see the median salaries on your list? Most were in the 6 figure range. Good luck making that!

 

[loveysbydesign]

Just like any other area, you are going to pay more for a house in a "better" area. We looked into purchasing an investment property and we actually decided against it. Speaking to various mortgage brokers we learned that people were having a hard time even finding someone to insure a home there or give a mortgage with so many foreclosures. Now, if you were to purchase it outright that would be different. Did you see the median salaries on your list? Most were in the 6 figure range. Good luck making that!

I was just posting that list because I found it interesting, many of the places we're looking at aren't on that list. Heck we don't even make 6 figures up here in PA!
If our family of 5 can survive up here making only around $45-50k a year, I'm hoping we could make do with lesser income and no mortgage payments down there!

 

[palmtreegirl]

Sorry I wasn't trying to upset anyone, I just meant I hope the prices don't double or triple in the next year or 2.

Not upset, no worries.

 

[snowywhite89]

I was just posting that list because I found it interesting, many of the places we're looking at aren't on that list. Heck we don't even make 6 figures up here in PA!
If our family of 5 can survive up here making only around $45-50k a year, I'm hoping we could make do with lesser income and no mortgage payments down there!

Not having a mortgage will give you more income but you may have to pay most or all of your health insurance. Believe me when I say our most costly expense each year is health insurance.

 

[lesroi]

Just like any other area, you are going to pay more for a house in a "better" area. We looked into purchasing an investment property and we actually decided against it. Speaking to various mortgage brokers we learned that people were having a hard time even finding someone to insure a home there or give a mortgage with so many foreclosures. Now, if you were to purchase it outright that would be different. Did you see the median salaries on your list? Most were in the 6 figure range. Good luck making that!

Just wondering where you were looking or what kind of mortgage brokers you were talking to. Were they local? I have not found this with any of the listings we have sold this year, and my partner and I sell A LOT of investment properties in the Disney area. Unless perhaps your credit is not good, or you were overpaying and the home would not appraise out, I can't think why you would have trouble getting a mortgage here or anywhere else. I have also found zero trouble with insurance and the rates are not as high as some are saying. It is sad when people who do not live or work here give erroneous information that may prevent someone from finding a great place to live. Sorry you encountered that!

Tracy

 

[7165red]

If you want to do some research go to www.citi-data.com it's a excellent site.

 

[Kitty 34]

This is an interesting thread especially when it was about 4 years ago we seriously were looking into property in mid Florida to buy. Wow!! What a difference a few years make!

 

[loveysbydesign]

Not having a mortgage will give you more income but you may have to pay most or all of your health insurance. Believe me when I say our most costly expense each year is health insurance.

I know what you mean, 20 years ago(yes, he's been there 20 years!!!) when dh 1st started at his place of employment they paid for our health insurance. Now we pay almost all of it ourselves and the coverage is crappy!

 

[disneyjunkie]

bump

 

[loveysbydesign]

I saved many of the listings I had searched for and few of them have come down even more in price. I love that realtor.com gives you email alerts to price drops! I so wish we could move now but we just can not do it at this time!

 

[Liberty Belle]

I really wish we were in a position to buy a vacation home right now.

 

[Liberty Belle]

http://www.homes.com/listing/123142590/1427_Silver_Cove_Dr_CLERMONT_FL_34714#stay

Love this one as a vacation home! Too bad I can't talk my family into all pitching in.