One thing is buying for your personal use, the other is for investment. There are many buyers that are buying today that the prices in Palmetto Bay are low and renting them out. There are lots of very inexpensive condos or single family homes that are in good locations. Having a long term outlook in the best way to invest in real estate. The real estate prices in Florida will go up.
Financing is one of the biggest concerns. Don't be afraid and contact your local Florida bank to pre-qualify you. Find a bank what is active giving loans in Palmetto Bay. They will can give you the rates and the terms for the new mortgage. They can provide you with the Cash to Close, so you can know that will be your payment and how much money you will need to close the deal.
You can start doing your research online. Search for properties on Palmetto Bay now by visiting our website: http://www.interinvestments.com we have the all the communities in Palmetto Bay!
Interinvestments Realty - Tel 305-220-1101