Stuck with Florida Home
We have been trying to sell our house in Florida for several months in order to retire in North Carolina, where we own a second home. Everyone knows too well about the Florida real estate market. The FL house is priced well for the market (far lower than its value was two years ago) and we are not willing to sell it below market value. But we need to clear a certain amount from the sale of the house in order to pay off the NC home to be able to live on a reduced income in retirement. We are thinking about renting the FL home, but don't want the hassles of renters.
So I guess we are stuck here for awhile. Florida is not a BAD place to live, but we are heading into a brutal summertime heat, humidity, and hurricane timeframe. We've got Carolina on our minds!
I know lots of folks are losing their homes to foreclosures and short sales here, and we are lucky to be in a safe economic situation with healthy equity, great credit, and good recession-proof jobs.
Is there an end to this real estate mess anytime soon?