I currently live in NJ and I'm thinking of moving my family south... I see some lots for sale in Compass Lakes, FL - which is in Jackson County, FL... I don't know ANYTHING about this area - but the realtor says that Compass Lakes is an "up and coming" area - has a Super Wal*Mart and some other stores - and that is 300 ft above sea level so you don't have to worry too much about hurricanes... that is HIS perspective... he also wants to sell me property... so - I'd like to here from anyone that knows or has been to this neck of the woods... is it NICE?
2007-06-08 06:57:45 · 2 answers · asked by Doogie 3 in Business & Finance ➔ Renting & Real Estate
Don't buy - rent. Insurance rates are HORRIBLE. Property values in Florida are falling like a rock, due to the horrible insurance situation.
You will end up in the state fund (no one else is even writing homeowners insurance policies in FL), and pay about $7,000 a year if it's a $200,000 house, JUST for the insurance.
DO NOT BUY. They're trying to get the out of state sellers to buy, because the real estate market there is so rotten.
But yes, it's a nice area.
2007-06-08 07:01:39 · answer #1 · answered by Anonymous 7 · 0⤊ 0⤋
i dont think that a huricane will care if your 100 or 300 feet so take that out of the question. you need to go down and look at it also do a demagraphics to find out how many people in the area the amount of jobs how the schools compare to the nation how much crime hows the social life, property value. as well as a million other questions but forgoodness sake dont believe anything somebody that is trying to make money off you tells you
2007-06-08 07:05:04 · answer #2 · answered by tazmaniac0350 2 · 0⤊ 0⤋