I checked some house prices in FL ( mainly vero beach area...as i plan on instructing at FSA until something bigger/better comes along)..A half decent house(nothing fancy) ranges somewhere around $250-$300k or so....I have two properties here in canada....One being my residence will be sold before i move to FL, i am 28.
I agree with B767 and others about the 20% down strongly..I will have some money for the downpayment of the house from my sale as i have owned it since i was 24...my wife however is not sure about the idea of buying a house when we move there...mainly because vero beach being a small town ...unsure of how long we are going to live there...and so forth.
But,me on the other hand ...i have past the idea of renting...and don't feel it is a good idea to rent at all...maybe in the beginning for a month or two...but I am trying to convince my wife into buying something.....at least in the bigger cities around vero like melbourne/west palm beach...so on. I have to factor in the travel time to work then as well.
any thoughts would help.....from guys that hve been .....in a similar type situation,how did they cope with this?
How is vero beach/melbourne area to live...I am trying to get some first hand suggestions rather than what they have on city-data sites. |