If you're thinking of buying a property in Florida, there are a few things you should know. Here is a brief guide for Canadians buying property in Florida:
-The process of purchasing a home in Florida is different than in Canada. In Canada, the purchase offer is usually made through a real estate agent, whereas in Florida, it is common to deal directly with the seller.
-It is important to have a realistic idea of what you can afford before beginning your search. In addition to the purchase price of the property, you will also need to factor in closing costs (which typically range from 2-5% of the purchase price), as well as ongoing costs such as insurance, taxes and utilities.
-It is also a good idea to be aware of the potential risks involved in buying property in Florida. For example, properties in Florida are susceptible to hurricanes and other natural disasters.
-If you're planning on purchasing a vacation home in Florida, it's important to consider whether you will actually use it enough to justify the cost. Vacation homes can be expensive to maintain, even when they're not being used.
-Before making an offer on a property, be sure to have it inspected by a qualified professional. This will help you identify any potential problems that could end up costing you money down the road.
Following these tips will help ensure that your experience purchasing property in Florida is as smooth and hassle-free as possible