Ten Tips For Foreign Buyers In Florida
Becoming a Successful Landlord in Real Estate For Sale Florida has put together the following tips for foreign buyers to take note of when considering purchasing a home in the sunshine state.
Use experienced realtors. Check out their validity within the marketplace and make sure they are up to date with all the relevant laws.
Real estate attorneys. Yes, to be double careful you may need to gain the services of a real estate attorney who has particular knowledge of the FL housing market.
As a foreigner you may wish to consider setting up a qualified domestic trust. Again, you can ask your attorney about doing this.
Consider other expenses such as hurricane shutters. Ask your realtor about the best options for your property. Florida homes are often in the path of hurricanes during the storm season so these can be vital.
Mainland or Barrier Islands? Plenty of buyers often decide on locating to the barrier islands due to the well known instant water access and beautiful surroundings but sometimes end up a little unhappy with their choice. Firstly, the prices will be higher if you want to live on a barrier island but the mainland offers equally easy access to the waterfront as well as all the usual amenities as well. The luxury condos in downtown Sarasota for instance are only a stones throw away from the beaches and entertainment.
Consider the costs of maintenance fees and homeowner insurance when working out your budgets. Try and get the best and most accurate quotes before you go ahead and sign anything.
Make sure you let your realtor know whether you mind being around lots of families with children or if you are looking for an area with either a younger crowd or retirees who are less likely to have kids with them.
Ask you realtor about homeowner insurance deductions as this could save you a lot of money in the long run.
If owning a property with a pool you must consider the safety implications, especially if you have young children. Just ask your realtor about the best safety practices and get a list of the pool installation companies that have the best local reputation.