Hernando County, Florida Draws Cash Buyers With Rock-Bottom Real Estate Prices

Hernando County Real EstateAfter years of snow boots, frozen windshields and furry paws caked with Maine’s ice and mud, Dottie Brown and her husband, Ralph Kent, recently decided to take their modest retirement savings and their two dogs and head for the sun.

Surfing the Internet, they found a shingle-roofed, stucco-coated fixer-upper on Killinger Avenue with a grapefruit tree in the back and a magnolia tree out front. Even better: Their dreams of escaping cold winters coincided with bargain-basement real estate prices.

For $39,000 cash, they bought a little piece of Florida free and clear, with no need to negotiate with lenders or pay for sinkhole insurance.

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