7StepstoBuy PropertyinFlorida asaCanadian
DetermineYourFundingSource1. RefinancingyourcurrentCanadianhomeandtakingout enoughcashtobuyaFloridapropertyoutright Cash-outaninvestmentormultipleinvestmentstoreinvest inFloridarealestate Saveupenoughcashtohavearealisticbudget RealtyinCanada|BestRealtorinCanada
Even if you have already purchased real estate in Canada, there may be a learning curve when you set out to buy property in Florida as a Canadian. Be sure you are aware of both the currency exchange rate and relevant snowbird regulations before making your plans. RealtyinCanada|BestRealtorinCanada 2.ConsidertheUniqueFactorsinBuyingReal EstateintheUSasaForeigner
As you determine your budget, there are a few factors that some people forget that you should consider. Closing costs in Florida are about 2.3% of the purchase price, on average. Be prepared with cash to cover these costs at closing, and take this into account asyoudetermineyourbudget. RealtyinCanada|BestRealtorinCanada 3.DetermineYourBudget
After determining your budget and funding source, it is time to decide where you would like to buy property in Florida as a Canadian. The location of your home is one of the only things you cannot change, so it is also one of the most significant factors as you decide which propertytopurchase. RealtyinCanada|BestRealtorinCanada 4.NarrowDownYourLocation
Working with a local real estate agent is essential in helping you identify the right city, and furthermore the right neighborhood and street to meet your budget, wish list, and personal style preferences. RealtyinCanada|BestRealtorinCanada 5.FindaLocalRealEstateAgent
After determining your budget and ideal location, you are ready to work with your agent to find the right property. Be mentally prepared for the ups and downs of shopping in this hot real estate market, where many buyers to not have their first, orevenfifth,offeraccepted. RealtyinCanada|BestRealtorinCanada 6.StartYourSearch
After your offer is accepted, you just have to work through escrow, where you will have the property appraised and inspected, your financing will be reviewed again, and everything will be finalized. RealtyinCanada|BestRealtorinCanada 7.CloseonYourIdealProperty
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