Nonresident International Buyers of Rental Property - 12/12/10 12:05 PM
Considerations for Nonresident International Buyers of rental property:
1) Will you be paying cash or finance your investment property?
2) If financing, will you use a foreign bank where you already have an account or look for another foreign or local US financial institution?
3) Will your purchase require foreign currency exchange and have you compared the costs of the conversion? Have you considered fluctuations in exchange rate between time of offer and closing and possibly locking the rate?
4) Will you purchase the property as an individual, Limited Liability Corp (LLC), Real Estate Investment Trust (REIT) or other legal ownership structure? Have you … (0 comments)

Financing for International Buyers - 12/06/10 02:36 PM
What financing options are available to international buyers investing in Florida & around the US?
Some international buyers choose to get financing from their home country. I often see buyers taking out a line of credit on another property in their home country. 
There are banks in the US that give loans to international buyers. I would like to start a list that I can provide to prospective international buyers. To start, I know that UBS and Royal Bank of Canada give loans to international buyers in the US.
Other options? All suggestions are welcome.
In my case, this mainly relates to second homes and rental … (2 comments)

Assisting Canadian / European Buyers - 12/04/10 12:53 PM
What do Canadian / European buyers need to consider before purchasing a Florida home?
Points to consider:1) If considering to buy bankowned homes, get pre-approved or have proof of funds ready to present before finding the property. Preparing these documents can add precious time to the offer preparation process.2) If making an offer on a short sale property, don't assume the listing agent has the asking price pre-approved and accepted by the seller's bank. If the listing agent has the asking price pre-approved, the purchasing process will be more straight forward.3) Look for a Buyer's Agent who is Certified International Property Specialist (CIPS). This means the agent … (2 comments)

 
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SUSANNA MALMGREN- GRUBB

Jupiter, FL

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Virtual Global Realty

Address: Jupiter Yacht Club, 318 S US Hwy 1 #104, Jupiter, FL, 33477

Cell Phone: (561) 827-2952

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