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Fort lauderdale real estate question
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2010 Oct 18, 3:23am 1,500 views 5 comments
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Patrick -could you move this post to Housing Crash forum. Thank you. I'm a newbie on here
Property isn't likely to make any large jumps in the next couple of years, therefore you have time to wait, look around and pick out the best of the best.
Jobs and Rents are the important thing. Do people have jobs to pay the rent on these homes?
And are the taxes based on 600K selling price, or the 175K price?
1 house is east of US1 2 blocks from Harbourdale elementery(near 17 th st Causway), the other West of US1 between Sunrise and Oakland(2 blocks west)
The prop taxes are around 2500K.
I'm renting a 2/2 condo on the beach for $1400 now
I'm looking at a few 1200 sq ft homes(7000sq ft lots on the East side(very good areas with highly rated public elementary schools.(very rare in Ft Laud.) They need about $50k to 75K in upgrades. The asking prices are between 175k-225K. These houses were valued at over 500-550K a few years ago.
Good time to buy or should I wait 6-8 months ? Thanks
Also there are some newer townhouses in the same areas for around $250-$300K. They average about 2000-2200 sq ft, built 2006-2007 .Granite, wood floors, etc They look nice but the prop. taxes are quite high (5-6K) . These were selling for 600-650K two or three yrs ago.
Any thoughts?
#housing