Frequently Asked Questions

Q: How easy is it to purchase a home in Florida?

A: Purchasing a home in Florida is less complicated than you might think. Just talk to us and we will put you in the right track to your successful investment!

Q: If I purchase a property in Florida, how many weeks do I need to rent out my home to cover all the running costs?

A: This will of course depend on the type of property, location and amount of mortgage. As a general guide, if you take up a 70% mortgage you will need to rent your home for approx. 30 - 40 weeks per annum to break even. 

Q: Can I get a mortgage in Florida?

A: Yes, obtaining a mortgage in Florida is possible and quite straight forward. Loans of up to 70% are available for non-residents and are secured against the Florida property. 

Q: What are closing costs and how much are they?

A: These are costs incurred when completing the purchase of the home. They comprise of approximately 4.5% of the sale price, when taking an US mortgage. If a mortgage is not required the closing costs will total approximately 2.5%. If you purchase a resale without finance your closing costs can be under $1000. 

Q: How will I know the properties I view are the best for my personal requirements? How can I be sure? That any decision I make is in my best interests?

A: We will have built up a portfolio of your personal requirements, knowing exactly what sort of property you need and what you want from your property. We are independent from any builder, impartial or unbiased. 

LEARN MORE FAQs:

Q: Are there rental restrictions in Orlando, if so what are they?

A: Yes, there are restrictions as to where and when short-term rentals are permitted. 

Q: Are there any hidden costs that I should be aware of?

A: Yes there are if you intend to rent your property. You will need to comply with local legislation. This includes obtaining a hotel/motel lodging license and ensuring that safety features, such as fire extinguishers and smoke detectors, are fitted. 

Q: Do we need to open an American bank account in Florida?

A: lf you choose to purchase a property, it is usually necessary to open a bank, account. We will take you to a very reputable local bank and assist you in opening your own account..