I am retiring and want to buy a home in the southern US, where can I get the best bang for my buck.

Profile picture for RUpton2010
I am a cash buyer, and will retire soon, I want to live in the south, where is the best place to invest in a home.

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July 23 2010 - Fort Lauderdale
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Answers (10)

Profile picture for vistagrp
We  have seen  unbelievable deals in Sw Florida- Cape Coral. Gulf access   lots for under fifty thousand that  were 450g in 2005.

People are  strating  to  build now or perhaps  a homes around 75-100 that are 3-5 yrs old due to the past speculation buyers  pre 2005. Good Luck.
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August 26 2010
Profile picture for AndrewYKTo
Wow! tough question without knowing how you envision how you want to spend your time during retirement.  Tax consequences, cost of living, recreational facilities, access to adequate/affordable medical care, proximity to loved ones are just a few things you'll want to factor in as well as how much cash you can comfortably put down.  Talking to a good tax or financial planner would be a good start.
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July 25 2010
Profile picture for mvfreel
Florida is miserable ithe summer due to heat/humidity! Go West!
Like Nevada or California!
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July 25 2010
For Sure it's Not St. Augustine Florida Located in St. Johns County.. I deal with a lot of buyers , Investors and I hear that Cape Coral Florida Near Lee county has some amazing deals... I.E. 2000 SQFT Build in 2001 with a Pool for 60K...

For me I would rent 1-2 Years to be sure I like the area. Just remember it will never be cheap enough, for example you can move to Panama or Costa Rica . Good Luck
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July 25 2010
First, only you can decide what location best fits your personal needs.  Second, find an honest professional REALTOR to work with, and we will do our best to put you in a great property. The Tampa Bay area  offers great opportunity and  great variety.   We are minutes from pristine beaches, we have professional Sports, Awesome freshwater/saltwater fishing, golf courses galore, Historic Ybor City, and  the I-4 corridor connects you to Disney World, Kennedy Space Center, and many more Florida treasures.
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July 25 2010
Profile picture for Mr Caveat
AZ, NV, NM and in the South East, Tennessee, Mississippi and 'bama are probably the cheapest states to buy in, but wherever you plan on going, you are probably better off taking your down-payment, saving it in cash and renting for a couple of years while you familiarize yourself with the area(and of course wait for the market to stabilize)
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July 25 2010
Profile picture for Mark LeMenager
The Lake Nona area, which is the City of Orlando's southeast corner.  Click on my picture and contact me if you would like to know why.
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July 25 2010
WOW, what a loaded question.
This does boil down to what you are looking for.

Remember this, I think Jefferson said it "Never buy something because it is cheap"

best of luck
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July 24 2010
Profile picture for wetdawgs
What are your criteria?  Are you interested in the least expensive place to live?  A place where you can enjoy yourself (if so, what is "fun" for you?)  A place with beaches?   And arid climate? 

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July 23 2010
Profile picture for Michael Diamond
It really depends what you like to do.  South Florida has some of the best buys arround.  If you like golf, the beach, etc there is no better place to buy, in today's market.  If you are interested I would be happy to help you look.
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July 23 2010
 

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