The sunshine and friendliness of St. Petersburg, FL are the driving force that encourages visitors to the area. What makes people decide to stay?
In a recent study, St. Petersburg is ranked as the best-run city in Florida. Its overall quality of services and management make St. Pete a great city for both young and old.
Planning on living in St. Petersburg for a while, but not sure if you should rent or buy? Read on for tips on looking at your own personal factors and examples of homes for sale in St Petersburg FL to make an informed decision.
Current Financial Situation
Most experts recommend putting 20% of a home’s value down when buying a house. This amount is to protect lenders in case you default, and it helps you to build equity quickly. On average, 6% is the amount of downpayment required.
Are you prepared to make a downpayment on a home? Compare the amount of money needed for a downpayment on a home and the amount needed to begin renting a home.
The average price for homes for sale in St Petersburg FL is about $250k. For simplicity, say you find a home for $200k and put 10% down. The downpayment is $20k.
Long Term Goals
Are you retiring to St Petersburg? You may find home ownership very appealing considering the tax laws. There are no state property tax assessments or state income tax.
Looking for a city with great job opportunities? The Florida High Tech Corridor is ranked as one of the top 6 high-tech employment centers nationwide.
If you are an entrepreneur, St Pete is where you want to be. If you are a female looking to create a business, a recent study found that St Petersburg FL is one of the top 10 best cities for female entrepreneurs. It ranks #4 in the USA.
So, what do you see yourself doing for the next 10-20 years? If it’s living in St Pete, buying a home may make the most sense.
St Petersburg FL Homes For Sale Waterfront
Homes on the water offer easy access to the Intercoastal Waterway. Travel by boat to conveniences and even the Gulf of Mexico for deep-sea fishing.
There are many types of homes that provide water access. Being close to the water has a cost. The average waterfront home price is $1.5M.
Post-COVID, opportunities to find a bargain on waterfront property exist.
Homes For Sale in Jungle Prada St Petersburg
Jungle Prada is an older neighborhood in St Petersburg with a suburban layout. It has many restaurants nearby. Young families like it because of the schools and low crime rate.
Finding a home in a good price range is possible in Jungle Prada. If you are willing to do a little updating on an older home, this is your neighborhood for quaint charm and convenience.
Consult a Real Estate Agent About Homes For Sale In St Petersburg FL 33710
Making St Pete Beach Florida your home soon? Whether you are looking to rent or ready to visit new homes for sale in St Petersburg FL, we’re here to help find the perfect home.
Mar-Key Property Services has nearly two decades of real estate experience in the Tampa Bay area.
Our long-standing customers trust us for property management and buyer/seller services from knowledgeable agents. Contact us today for local expertise that will find the best property for you.