Corie McGraw-Abel, GRI

Right now there are opportunities for locals that have been paying rent for so many years to actually buy a home.

Lets do the math; If you finance $300,000.00 for 30 years at 6.25% your monthly payment with principal and interest would be around $1850.00 per month. Then add on taxes and insurance for around(taxes and insurance depend on the property,what you pay for it and where it is) $650.00 per month. Your total payment monthly would be in the area of $2500.00 per month. I know some people that pay this in rent every month on top of utilities,groceries,etc.

If that $2500.00 per month is still a large nut for you to crack then lets think outside the box.

I know many of you see the word trailer, or homesite park and cringe at the sound. There are some trailers, and houses in trailer villages on the market right now in the low $200,000.00 range( in the Upper Keys). What starts out as a trailer or trailer park, can later turn into a house, or a neighborhood(as opposed to transient residences). Once you build equity in that trailer you could look into modular home options, or you could go as far as to build a concrete structure. The beauty of having had the trailer there, you have created a footprint, that later can make it easier for you to get permitted to build(or replace the trailer)with a house,depending on the associationa and zoning of the area. Please take advantage of the present market, eventually it will go up again, and you will be smiling while sitting on your little chunk of "the rock".

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When we hit that boom of high prices, and buyers a plenty many "locals" saw it as their chance to sell high and move somewhere not so expensive, and where they didn't have to work so hard to make ends meet. Unfortunately once you sell and leave, you could never afford to come back. Well, now might be your chance to come back, or someone else's chance to buy for the first time. Interest rates are lower,and prices have become more realistic in compared to years past. Insurance rates have become more reasonable, and some tax relief for primary and secondary homeowners is out there. So if you have considered living in The Florida Keys as an impossible dream, you might want to come check us out!