Just be very careful if you decide to rent because there are many landlords in pre-foreclosure so you may have to allow showings to Realtors and their buyers. Who wants that inconvenience!
It's not unreasonable to ask an owner for proof he is current on his mortgage before you hand over any rent money. Better to tough it out and rent in a complex for 7 months while you shop for the right home and neighborhood.
Hope this helps.
I hate giving rent to a landlord (lady) although I am an investor and have plenty of tenants in homes I own just for the purpose rental income. Through the years I have encouraged my renters to buy homes of their own, even before I was a real estate agent.
Problem with renting in this economy is now homes are very reasonable and mortgage rates low as well. After a year of renting the mortgage rates may be higher and hopefully so will the asking prices of homes you may want.
Certainly, visit Parrish, look at homes in your price range, check the paper for rentals, visit them, examine your savings and see what makes more sense.
Of course, you could buy now at a low price, stay a year or two, and probably sell that home for more and make a profit to be used to buy somewhere else if you don't like Parrish.
Unless you are totally familiar with a location and comfortable with what it has to offer, we recommend considering "short term" rental prior to making your final decision.
Taking this route affords you time to collect the required information to be able to make a solid decision.
We may now be at the bottom of the market.
May be time to buy now. If you need downpayment money and make less than about $70k per year (for a single person) then you can get $5k from a State of Florida Bond program. If you earn less than about $40k you can get $7,500.
It may even be worth breaking your lease to buy now.
All the best,
Alma Rose Kee, PA
Future Home Realty
Great prices with plenty of selection. If I needed a home, I would certainly be shopping now.
Beach & Luxury Realty Inc.
7340 Gulf Blvd.
St Petersburg Beach Fl 33706
To answer your question...I've been selling real estate full time in the Tampa Bay Area for over 29 years and there has never been a better time to be a buyer.
A question I have of you...you stated you are moving to the St. Petersburg area; however, Parrish is in the Bradenton area. Is your plan to work in St. Petersburg and commute south to Bradenton?
Please let me know if I can be of assistance.
Connie L Carberry
International Realtor, GRI, ABR, CIPS
MCN Group, Inc.