Florida
Real Estate in Florida
Last updated on Jan 17, 2023
Summary: A newcomer to Florida should begin their search by researching the different areas of the state and deciding which area best suits their needs. They should also consider their budget and the type of home they are looking for. Once they have narrowed down their search, they should contact a real estate agent who can help them find the perfect home. Homes in Florida typically include amenities such as swimming pools, outdoor living spaces, and access to beaches and other recreational activities. Many homes also feature modern kitchens, spacious bedrooms, and updated bathrooms. Depending on the area, some homes may also include access to golf courses, tennis courts, and other luxury amenities.
What do I need to know when buying property in Florida?
When we asked expats what advice they would give a foreigner before buying a property in Florida, they said:
"1. Before buying property in Florida, it is important to not only be aware of the local laws and regulations, but also be aware of the state taxes that may apply when buying and selling real estate. 2. It is important to know the current market value of the property you are looking to purchase, as well as any associated fees when purchasing the property. 3. If the property is encumbered be sure to research the documents related to the encumbrance and the applicable laws that may affect it. 4. Being familiar with potential lenders and the range of loan options available is also important when purchasing a property. 5. It is also a good idea to look into any potential insurance coverage that may be required when purchasing property in Florida. 6. Lastly, be sure to do an inspection of the property prior to closing on the purchase in order to make sure it meets your expectations," said one in Florida.
Are foreigners allowed to own property in Florida?
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About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
