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Rent vs Buy in Saint Petersburg : Real Estate Advice

  • All592
  • Local Info46
  • Home Buying199
  • Home Selling17
  • Market Conditions31

Activity 4
Wed Oct 26, 2011
Alma Kee answered:
Update... There is a Bill in the Senate to offer Visa's to immigrants (not work visas) if they invest IN CASH at least $500k in Real Estate. The Bill requires the primary residence to be purchased IN CASH for at least $250k and the remaining $250k can buy investment property.

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
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Wed Jun 29, 2011
Manuela B. Hendrickson answered:
an unfurnished 3 bedroom house will cost you anywhere from $1,200 to $2,000 per month, depending on the quality of house.
When I moved to St. Pete, I leased for a year, also with the thought of possibly doing a lease purchase down the road. After living in the house for a few months, I realized that there were so many other possibilities for purchasing that the lease purchase didn't seem appealing any more. Once you get a feel for the city and the different areas of town, you and your family will get a much better idea on where you want to purchase. We do have lots of good inventory.
I hope this helps and I am welcoming you to St. Petersburg.
Manuela Hendrickson
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Tue Dec 14, 2010
Caroline York answered:
When you find the house you want then ask the utility history. You can get that from the electric company and the City or County depending on your suppliers. Do not count on estimates from professionals or based other properties. I have several properties and I can assure you that each one is different based on the individual property, the number of residents and their lifestyle. Get the facts from the utility company on the specific property. ... more
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