Will The 55+ Real Estate Market Settle Down in Florida? | The Odyssey Online
Start writing a post
Lifestyle

Will The 55+ Real Estate Market Settle Down in Florida?

With 2021 behind us it seems like a whirlwind, even though more homes were sold in Florida during 2021, than in the past couple of years’ worth.

55
Will The 55+ Real Estate Market Settle Down in Florida?

With 2021 behind us it seems like a whirlwind, even though more homes were sold in Florida during 2021, than in the past couple of years’ worth. Many people decided to sell homes they own in other states for large profits, benefiting like many sellers on the nationwide housing boom, and move to sunny south Florida to enjoy the endless sunshine and laid-back lifestyle.

The fastest-growing sector within Florida buyers are retirees who are looking to buy them forever home. That means they want certain things that will support that, and the low tax situation Florida has is amongst the strongest reasons. Others include living within 55+ communities that offer a plethora of things to do in retirement.

To answer this call, many well-known, new construction home builders, have been purchasing huge plots of land, in desirable zip codes, to build magnificent 55+ neighborhoods. Some offer championship golf courses, others provide state-of-the-art fitness centers, with professional massage centers, saunas, hot tubs, and more.

Why don’t we take a closer look into what the 55+ housing market looks like for Florida in 2022…?

What are 55+ Neighborhoods, Exactly?

Basically, 55+ neighborhoods are those that only allow residents and homeowners, to be over the age of 55 and most residents tend to be near, or in retirement. Some places do allow a few people to live within their communities, that are under 55, but not many.

Some are simply for those of age and provide a serene environment to spend your days. Neighbors usually know each other and there is a sense of community you will feel if you move in.

Other 55+ neighborhoods provide over-the-top amenities and focus on luxury during retirement. They might have fitness centers, swimming pools, walking trails, fire pits, BBQ grills, and more.

Many focus on championship golf and the homes are set directly on the course, at great locations like keyholes throughout the course.

There are even waterfront retirement villages that provide boat dockage, ocean access, and full-service marinas. In Florida, these waterfront homes can cost millions of dollars depending on where they are located and the condition, they are in.

How to Find 55+ Homes for Sale?

Obviously, you can check the local Multiple Listing Service (MLS) where all the real estate gets listed for sale by realtors. Additionally, there are many new construction homebuilders in the sunshine state with gorgeous 55+ homes within newly built communities.

In 2022 there aren’t many real estate listings available anymore. The fast-paced housing market brought too many buyers to market last year. In fact, new homes can be delayed for up to 12 months or more.

The best way to ensure that you can find the perfect house is by being prepared before entering the market. This entails many things and will depend on your personal situation.

For example:

  • If you are moving from another state contact a TOP, local, realtor beforehand, so that you can get your finger on the housing market pulse wherever you are interested in living.
  • Make sure your finances are in order. If you are paying cash there isn’t much you need to do except, make sure that your funds are verifiable, and ready to send to the seller at closing.
  • If you’re financing and need to obtain a mortgage, make sure that you are preapproved before you send any offers to a seller. Not pre-qualified, make sure you have gone deep into the process with your broker.
  • They must check your income, credit, and other important things before you become preapproved, which is much stronger than sellers who don’t want problems once they accept an offer and go to contract.

When you follow these steps, then you are going to drastically increase the odds of getting the house you want.

Conclusion to This All

Hopefully, you can see that the housing market will continue to increase and grow with all the new buyers looking to move to the sunshine state, to live the Florida lifestyle. If you intend to do the same, make sure you are prepared so that you aren’t disappointed when you try to buy a house you adore.

Once you are done with this process you can kick back, and truly enjoy all the fun in the sun, that Florida is known for. It is no wonder people are moving here like never before, in history.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Featured

15 Mind-Bending Riddles

Hopefully they will make you laugh.

179394
 Ilistrated image of the planet and images of questions
StableDiffusion

I've been super busy lately with school work, studying, etc. Besides the fact that I do nothing but AP chemistry and AP economics, I constantly think of stupid questions that are almost impossible to answer. So, maybe you could answer them for me, and if not then we can both wonder what the answers to these 15 questions could be.

Keep Reading...Show less
Entertainment

Most Epic Aurora Borealis Photos: October 2024

As if May wasn't enough, a truly spectacular Northern Lights show lit up the sky on Oct. 10, 2024

6531
stunning aurora borealis display over a forest of trees and lake
StableDiffusion

From sea to shining sea, the United States was uniquely positioned for an incredible Aurora Borealis display on Thursday, Oct. 10, 2024, going into Friday, Oct. 11.

It was the second time this year after an historic geomagnetic storm in May 2024. Those Northern Lights were visible in Europe and North America, just like this latest rendition.

Keep Reading...Show less
 silhouette of a woman on the beach at sunrise
StableDiffusion

Content warning: This article contains descriptions of suicide/suicidal thoughts.

When you are feeling down, please know that there are many reasons to keep living.

Keep Reading...Show less
Relationships

Power of Love Letters

I don't think I say it enough...

452011
Illistrated image of a letter with 2 red hearts
StableDiffusion

To My Loving Boyfriend,

  • Thank you for all that you do for me
  • Thank you for working through disagreements with me
  • Thank you for always supporting me
  • I appreciate you more than words can express
  • You have helped me grow and become a better person
  • I can't wait to see where life takes us next
  • I promise to cherish every moment with you
  • Thank you for being my best friend and confidante
  • I love you and everything you do

To start off, here's something I don't say nearly enough: thank you. Thank you, thank you, thank you from the bottom of my heart. You do so much for me that I can't even put into words how much I appreciate everything you do - and have done - for me over the course of our relationship so far. While every couple has their fair share of tiffs and disagreements, thank you for getting through all of them with me and making us a better couple at the other end. With any argument, we don't just throw in the towel and say we're done, but we work towards a solution that puts us in a greater place each day. Thank you for always working with me and never giving up on us.

Keep Reading...Show less
Lifestyle

11 Signs You Grew Up In Hauppauge, NY

Because no one ever really leaves.

23018
Map of Hauppauge, New York
Google

Ah, yes, good old Hauppauge. We are that town in the dead center of Long Island that barely anyone knows how to pronounce unless they're from the town itself or live in a nearby area. Hauppauge is home to people of all kinds. We always have new families joining the community but honestly, the majority of the town is filled with people who never leave (high school alumni) and elders who have raised their kids here. Around the town, there are some just some landmarks and places that only the people of Hauppauge will ever understand the importance or even the annoyance of.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments