October 20th, 2022 1:12 PM by Eric Fang
I am doing a few loans for TX and FL now. And I talked to one client about the reason why he would like to purchase in FL(he sold his primary in CA). Here is his logics:
1)Though the current interest rate is high, he can still refinance lower in the next a few years. And he can negotiate a better deal(that's true, I have one client purchased a property with almost 10% price cut).
2)He can save the same money back from property tax, and income taxes.
3)FL is closer to his daughter in NYC. And also it is easier to fly to Europe in east coast
4)And they can get lot of equity from the sale of the current primary home.
What do you think? Actually we also plan to move there a few years later, if my daughter will not move back CA.