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7 Steps to Buy Property in Florida as a Canadian

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7 Steps to Buy Property in Florida as a Canadian

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  1. 7 Steps to Buy Property in Florida as a Canadian By Realty in Canada

  2. 1. Determine Your Funding Source Refinancing your current Canadian home and taking out enough cash to buy a Florida property outright Cash-out an investment or multiple investments to reinvest in Florida real estate Save up enough cash to have a realistic budget Realty in Canada | Best Realtor in Canada

  3. 2. Consider the Unique Factors in Buying Real Estate in the US as a Foreigner 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. Realty in Canada | Best Realtor in Canada

  4. 3. Determine Your Budget 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 as you determine your budget. Realty in Canada | Best Realtor in Canada

  5. 4. Narrow Down Your Location 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 property to purchase. Realty in Canada | Best Realtor in Canada

  6. 5. Find a Local Real Estate Agent 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. Realty in Canada | Best Realtor in Canada

  7. 6. Start Your Search 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, or even fifth, offer accepted. Realty in Canada | Best Realtor in Canada

  8. 7. Close on Your Ideal Property 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. Realty in Canada | Best Realtor in Canada

  9. Thank You! -:- Realty in Canada -:- 514-654-8890 support@realtyincanada.com 4030 Boul. Cote-Vertu #105 St-Laurent, QC H4R 1V4

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