8 Steps to a Smooth Global Transaction

If You’re a Foreign Buyer in Florida: Follow these steps to facilitate a smoother transaction and make your real estate purchase a success!

1️⃣ Consider How to Buy

Decide whether to purchase the property as an individual or through a legal entity like an LLC. Consult a tax attorney for advice tailored to your situation.

2️⃣ Decide How to Pay

Determine whether you’ll obtain a mortgage or pay cash. Be aware of potential higher interest rates and down payment requirements for foreign buyers.

3️⃣ Learn How to Search

In the U.S., all Realtors® have access to the Multiple Listing Service (MLS), allowing them to show you any property listed.

4️⃣ Prepare for the Process

Understand that buying a home in the U.S. is a deliberate process, taking an average of 30 days from offer to closing.

5️⃣ Investigate Closing Costs

Be aware of additional costs such as title search, title insurance, legal fees, and recording fees, which can add 1.5% to 3% to the final cost.

6️⃣ Understand Restrictions on Your Stays

Know the duration of stay permitted based on your country of origin. Some countries, like Canada, don’t require visas for visits to the U.S.

7️⃣ Consider a Remote Closing

Explore options for remote online notarization, which may be available in your country.

8️⃣ Recognize the Value of an Experienced REALTOR

Work with an agent specializing in international sales. They often have a team of experts to help smooth the buying and owning process in the U.S.