Florida Information

Enjoy the year round sun and temperatures when you decide to purchase a home for your vacation or retirement in Florida. This location of the United States is one of the most popular holiday destinations. It also has excellent prospects as a rental property for times when you are not in residence. With over 60 million visitors each year, virtually every part of this state offers properties for sale that make great financial investments. There are a multitude of theme parks, museums, beaches, attractions and opportunities for all kinds of sports, so there is no chance of you being bored.

The average temperature in Florida is about 25°C and it has more days of sunshine than any other region on the east coast. The natural scenery is breathtaking and when you go shopping you will think you have died and gone to heaven in the wealth of shopping malls and boutiques. There are fabulous beaches on both the Atlantic and Gulf Coasts all within easy reach of major cities, such as Orlando.

There is great potential for growth in the real estate market because of the consistent capital growth in property value. The economy of the state is quite strong and the potential for significant earnings through rental is a real possibility. The homes villas for sale are about 50% larger than those in the UK and when you combine this with the exceptional quality of life, Florida is an excellent choice for a home abroad.

The wide range of options available in overseas investment properties in Florida means that you can choose a holiday villa, an apartment or even a townhouse or single family dwelling either on or quite close to a resort. A resort would mean you would have access to a clubhouse, gold course, tennis courts, beachfront and swimming pool.

There is not a lot of difference in buying a home in Florida than in the UK. The only thing you will notice is that the process goes forward much faster. Many people from the UK have invested in Florida investment property, especially in the Orlando area. A weakened US dollar means that your money has more buying power in Florida. An apartment, for example, would cost you about £85,900. A fully furnished condominium on a resort, complete with a big screen TV, costs about £267,000, so when you compare this property to what you would buy for this amount of money in a city of the UK, you will be getting a really good deal. Some of the apartments are brand new, while others are for resale. If and when you decide you do want to sell your property, you not have any difficulty selling at a profit.

When you find the property you wish to buy, a deposit of £5000 is the norm for securing the property. Foreign buyers are expected to pay 25% as a down payment when the seller accepts the deal. Then you can hire a lawyer to help you with the rest of the buying process. You only need a passport and a credit card to open a bank account and if you need to obtain a mortgage from a US bank, this is also possible with a minimum of paperwork. If the property you want to buy is already built, the buying process can be completed within a month. However, if you want to build a home, it could take as long as six months to complete the details. There are many US companies and contractors that can create an attractive package for you if you wish to build a home and you won't even have to pay an administration fee.

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