Even though you are paying cash you should carefully investigate the market here in Florida. The realestate "professionals" are working with sellers who are severely under water in their houses. The market is still a long way from recovering - the ratio of forclosures and short sales is about 4-1 in most markets. Unless you have money you would like to throw away-buying into a sinking market do your own reasearch. Look at the actual sales not the listings. Listings are 20-30% higher than the sales prices. Remember that Florida is the spawning ground for world best circuses and as Barnum once said "there is a sucker born every minute." Work the short sales and be patient.