International Clients
One of the paramount concerns for international buyers pertains to the challenge of establishing trust in the certainty of their investments and the reliability of the real estate professionals engaged in facilitating their property acquisitions. Collaboration with a licensed Florida realtor, such as Sully Del Valle, boasting an extensive 12-year tenure in the field, ensures that prospective investors receive guidance grounded in factual data and numerical analyses. This approach provides the necessary assurance that the investment aligns with their objectives. Accompanied by a notable reputation reflected in 5-star reviews on platforms like Google, along with a track record of over $60 million in sales, clients can be confident in entrusting their real estate transactions to a responsible and professionally committed individual with a fiduciary duty to assist in the achievement of their goals.
Guide for International Home Buyers Investing in Florida Real Estate
1. Research and Understand the Florida Market:
- Explore different cities and neighborhoods.
- Consider factors like job markets, amenities, and potential for growth.
2. Legal Considerations:
- Consult with a real estate attorney familiar with international transactions.
- Understand visa requirements and tax implications for foreign buyers.
- Consider putting your home under an LLC (Limited Liability Company) to avoid liability.
3. Financing Options:
- Explore mortgage options available to international buyers.
- Mortgages for international buyers usually require a 30% Down payment.
- Closing cost may very based on the property.
- Check interest rates and terms offered by various financial institutions.
4. Engage a Local Real Estate Agent:
- Work with a licensed real estate agent familiar with the local market and that specialize in the type of real estate investment you are looking for.
- Ensure they have experience assisting international buyers.
5. Property Inspection and Due Diligence:
- Schedule a professional inspection to identify any potential issues.
- Verify the property's title and ownership history.
6. Understand Closing Costs:
- Be aware of all closing costs, including taxes, fees, and legal expenses.
- Factor these costs into your budget.
7. Currency Exchange Considerations:
- Monitor currency exchange rates and plan transactions accordingly.
- Explore options to minimize currency exchange risks.
8. Secure Funding and Transfer:
- Establish a secure method to transfer funds internationally.
- Work with financial institutions experienced in cross-border transactions.
9. Consider Property Management Services:
- If not residing in Florida, explore property management services.
- Ensure they can handle international property owners.
10. Stay Informed on Regulations:
- Keep abreast of any changes in real estate regulations for international buyers.
- Regularly check for updates on visa and tax laws.
11. Network and Build Local Connections:
- Attend local events and network with other investors.
- Build connections with property management companies and real estate professionals.
12. Plan for the Long Term:
- Consider the long-term goals of your investment.
- Stay informed about the local real estate market trends.
