Florida Home Purchasing.
This is a subject I have written about many times and I try to simplify the information as it is so easy to get confused if this is your first time of considering a purchase.of a Florida property.
The purchase is simple if you have someone like myself standing by your side throughout the whole process,
I am a licensed Florida Realtor and have been helping people just like yourselves for over 15 years.
The most important factor is your choice of exactly what you want your home for, do you want it as an investment to be used by just your family and friends, or do you want your investment used by others to generate income.
Depending on the answer this will narrow down your choice of property and the zoning and location. Properties that are used for just your family and friends can be located anywhere you wish and the zoning can be residential or short term. Zoning is decided by the local County that your home resides in, if it has short term zoning then the property can be used for residential, residential long term rental , or short term rental
(vacation guests). If it does not have short term zoning then it cannot legally be used as a vacation home for paying guests. Short term is really just the term for a guest who stays one night, one week, or any period up to six months and one day, anything over this period would be deemed Long Term.
Well if you are already confused please don't be, there are really just two major zoning's, SHORT TERM OR NOT and that's it.
The next choice after the decision how to use your home is Location, do you want your home on the doorstep of Disney, or maybe a little further away. If you choose to be very close to the mouse then most likely your area (known as a sub-division) will probably be most predominantly all vacation homes, a little further from the mouse and most likely it will be a balance of residential and vacation homes, even further away then the balance will mean mostly residential homes with the odd vacation home.
I have always recommended that the best investment vacation home be in an area where there is a good balance between residential and vacation homes, this has many advantages including security and resale value..Basically if there are some residents in the area all the time, then your home and other owners vacation homes are "watched" by the permanent residents.
Financing
Your Florida home can be financed locally in Florida and there are many lenders who will help with this. Rates and procedures constantly vary and for information it is always reccommended that prospective buyers talk to a qualified mortgage/loan broker. For the majority of my property sales I have used the services of Graham Aistrop of Morgage 1, Graham is a Solicitor from the UK who has been living in Florida and providing advice and loans for many years. You may contact Graham directly on telephone number 407-486-1636 or e-mail him directly from this link graham@m1fs.com
Pointers/Information
In Florida representation is by only one realtor/estate agent and not multiple agents. Realtors cooperate and share with other realtors but only one can be the person who procures a contract or sale.
Only one Realtor/Company lists a property for sale not multiple agents like in Europe. That Realtor/company will share the listing with other Realtors/Agents but you cannot multiple list when selling.
The importance of a licensed experienced Realtor is paramount.
BUYING PROCESS
Secure & talk to your Realtor Agent (Me)
Decide on your timeline/budget
Decide on your usage
Talk to us about Management Options
Choose your area ( I will help)
Receive information on multiple properties that are ideal for your choice.
Make a decision on one or more homes.
Talk to our financing expert if you need a loan
Place a deposit on the property ($1000) minimum
normally required.
Sit back whilst we all work very hard to complete the process for you, including inspections to make sure the home is a worthy & worthwhile purchase.
Process completed you may come to close
(finalize) your purchase or purchase by mail.
Completion.
Enjoy your home for whatever purpose you intended.
We will manage and look after your home and provide services to keep it running at it's peak both in maintenance and income capacity.
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