The process of buying a home in Florida has many steps; for international homebuyers, it can seem overwhelming. But like many life endeavors, breaking the process into manageable parts makes the goal much more attainable.
Steps that international buyers can take to facilitate the process include: working with a realtor who can refer the buyer to experienced tax and international attorneys and an international tax accountant; understanding that a lender may charge the international buyer a higher mortgage interest rate and require a larger down payment than for local homebuyers; and to be prepared for additional costs such as title insurance and other fees, and possibly homeowners' insurance and flood insurance coverage. Following is an infographic from Florida Realtors detailing these and several other important steps for the international homebuyer:
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