Closing costs are the same for Canadians as they are for anyone buying Florida property. A: For some, the idea of owning a property far away from home is new and a bit daunting. Q: Should I get a condo versus a single family home because condos are low-maintenance? A: Not necessarily. Condo or townhouse buildings are indeed low-maintenance exterior, grounds, community pool, etc. Yet many who prefer single family homes say on a Cape Coral waterfront canal find that hiring services to maintain the pool and lawn is easy and reasonably priced.
A: The seller pays the sales commission. The seller is hiring the services of real estate professionals to find a willing and able buyer for the property. We represent you and work to find you the best property, best location, and best value.
A: Yes. There are several ways to finance your real estate purchase in Florida. One is through traditional channels in your local Province. And lastly, and perhaps most common, many Canadians leverage equity in their Canadian real estate to take out a home equity loan to finance their real estate purchase here.
A: If you are not familiar with the neighborhoods, we save you a lot of time and frustration. Our expertise and experience on neighborhoods, pending assessments, construction details, association fees, and location, location, location is what we put to work for you. Photo by Nextvoyage from Pexels. If you look at southern sunbelt locations, affordability is the one of the key points. Diversification is always a good strategy for any kind of portfolio. If wealthy Canadians own property in Canada, with a second home vacation property in the U.
They can get some return on their investment. Especially in sunbelt states with strong seasonal rental opportunity, states like Florida, Texas, California, where there is lots of demand for short term rentals, especially during the winter season. We are an extension of RBC, dedicated just to Canadians.
We understand that buying a property far away from home triggers all kinds of issues. What takes a week or ten days to finance a property in Canada can take days in the U. It is such a tight competitive real estate market here. It is important for Canadians to understand that before they start looking for property, they need to get mortgage pre-approval.
And remember, you have to convert that U. Get ready to be competitive when you find a property. Make an offer quick, and be ready to increase the offer if need be. Demand is coming, especially for Florida. California is opening up. People have a lot of money saved up.
They were starting to envision life post-pandemic, better days. We saw a big uptick in mortgage requests, pre-approvals, full applications, Canadians looking to buy. Even with travel restrictions, they were buying virtually.
Because the market in Canada is very tight, prices going up, with battles for homes and multiple offers.
That wave is starting to get bigger. People see that we are getting closer to border re-openings. They want to be ready. They want to do their homework, in terms of getting pre-approved, getting the financing in place, seeking cross-border legal advice, using our external resources. People are tired of lockdowns. Low inventory is a challenge, especially in Sunbelt states. In Texas as well. There was a huge migration domestically in the United States from the Midwest and Northeast.
Our cross border accounting team will develop a strategic cross border tax plan to manage your foreign real estate holdings. We partner with experienced insurance brokers in Florida who specialize in helping Canadians and seasonal owners. Our Florida real estate team specializes in helping Canadians navigate all the cross border hurdles. We connect you with all our expert partners to secure the best mortgage financing options, property management services, discounted currency exchange, cross border tax planning, and much more!
Complete the form below and our team can help you find the perfect property in Florida to meet your needs. These are the most popular cities but we help Canadians buy property anywhere in Florida! Our team is Canadian so we understand what Canadians need when buying property in the United States. We specialize in helping Canadians navigate every step of the home buying process including expert advice, professional services, and exclusive discounted services.
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Yes, please! Mortgages for Canadians. Exclusive Preferred Currency Exchange Rates. Cross Border Tax and Legal Planning.
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