Selling Poinciana One Property at a Time.: Is it FINALLY a good time to buy Poinciana Florida Real Estate?

Is it FINALLY a good time to buy Poinciana Florida Real Estate?

It depends.

If you are looking for a long term home. YES.

  • My wife and I bought in May 2010. We purchased a foreclosure in SoliVita and got a pretty good deal. The value has probably already dropped. But we plan on living here for many years so it doesn't matter. For us and our situation is was a very good time to buy. BUY A HOME IN POINCIANA

If you are looking to buy a rental property. YES.

If you know you are going to have to move in the next 5 years or so. NO.

SO....Is it NOW a good time to buy a home in Poinciana Florida? You decide.


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***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

The BIO for Bryant Tutas

 

 Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales,  Orlando Florida Short Sales, Celebration Florida Short Sales, Windermere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.

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Comment balloon 12 commentsBryant Tutas • February 18 2011 08:19AM

Comments

When this question gets hard to answer is when it comes from an Active Duty military service person who knows that they'll only be here 2-3 years. 

My advice to them for the past 5 years, unless they plan to retire here, has been to rent.

There is no way that a home purchased in this area in the paat 5 years would have generated sufficient net proceeds to pay the cost of sale. 

Posted by Lenn Harley, Real Estate Broker - Virginia & Maryland (Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate) over 8 years ago

For most buyers on the fence waiting for the absolute bottom, there's a really good chance that they've already missed it.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) over 8 years ago

You do make an excellent point for investors. The time to buy rental property is now!

Posted by Gary L. Waters Broker Associate, Bucci Realty, Fifteen Years Experience in Brevard County (Bucci Realty, Inc.) over 8 years ago

Bryant,

Renters that buy benefit from the direct monthly savings of owning over renting even if the home doesn't appreciate. They are still saving 5,000 per year... as you stated. Then renters are thinking like investors.

Best,

Steve

Posted by Steve, Joel & Steve A. Chain (Chain Real Estate Investments & Mortgage, Steve & Joel Chain) over 8 years ago

"got a pretty good deal. The value has probably already dropped. But we plan on living here for many years so it doesn't matter. For us and our situation is was a very good time to buy."

Bryant,

That's great advice any where!

Bill

Posted by William J. Archambault, Jr. (The Real Estate Investment Institute ) over 8 years ago

Excellent break down. We are seeing similar trends here although I think we decreased just a bit earlier than you and are possibly 'leveling' a bit earlier as well. Time will tell though. We also have great gulf access waterfrontage here which is a different story since those properties will appreciate more when that trend starts again.

Posted by Susan Milner, Cape Coral Real Estate Broker, FloridaFutureAgents (Florida Future Realty, Inc.) over 8 years ago

Hiya Broker Bryant! Agreed. Buy if you intend to stay in the home at least 5 years; rent if you know you'll be moving in 2 or 3 years.

Posted by Maria Morton, Kansas City Real Estate 816-560-3758 (Chartwell Kansas City Realty) over 8 years ago

I love your candor. This is a perfect breakdown and simple write up.

Posted by Melissa Zavala, Broker, Escondido Real Estate, San Diego County (Broadpoint Properties) over 8 years ago

Hy Bryant, I had to chuckle when I just read this.  Read my latest post on 2007 being a good time to buy... http://activerain.com/blogsview/2144543/-our-sense-is-that-home-sales-may-have-reached-a-low-in-august-

Posted by Dan Quinn, Dan Quinn (The Eric Steart Group of Long & Foster Real Estate) over 8 years ago

Dan. YIKES!! I bet those word didn't taste too well. They were just a little off!!

 

 

Posted by Bryant Tutas, Selling Florida one home at a time (Tutas Towne Realty, Inc and Garden Views Realty, LLC) over 8 years ago

Bring up a good point. If you are paying cash for your home then it is certainly better than being a renter. Assuming of course that the values aren't drastically declining.
Posted by Bryant Tutas, Selling Florida one home at a time (Tutas Towne Realty, Inc and Garden Views Realty, LLC) over 8 years ago

Bryant - In our area rentals are getting harder and harder to come by and more expensive.  It's becoming cheaper to own than to rent for condos.  My investor clients are buying them up left and right, so I don't even know how long those prices will stay low.  A move to Florida is tempting after this winter in the Northeast.

Posted by Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT (William Raveis Real Estate) over 8 years ago

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