1) How Realtors® Work in the US of A
Different here. Here Realtors® co-operate. You only need, me, one realtor to show and assist you to buy any home in a given area
USA has the MLS (Multiple Listing Service) = all realtors’ listings are in one database
I am in Brevard County = Space Coast Association of Realtors (SCAR)
I am licensed to show homes and assist buyers and sellers anywhere in Florida
I actually work in the Space Coast, BUT I can and WILL refer you to any agent in the WORLD
Realtors® are paid by the Seller here
You may ask for more exclusive representation but then you will pay - depends on what YOU want
Get what is best for you - I am a realtor with international experience
2) Is a VISA needed to buy?
NO – IF you plan to stay less than 90 days at a time. Get an immigration attorney as part of your team – pay now so you do NOT pay BIG time later. Check with your home country for their laws about buying here.
3) Home Inspections
Get one – no ands, ifs or maybes
Property Taxes: (YEARLY) = (+/-) 1-3% of the home's assessed value
Rental Income Tax: You rent it out you may have to pay sales tax + income tax. Get an ITIN number.
FIRPTA: When you sell you will pay FIRPTA withholding tax.
5) The Costs to Own
Get out the calculator
+Cable/Internet, HOA (see #6)
6) Homeowners' Association (HOA)
Monthly Fee +
+ Learn if the HOA has money in reserve and well run
+ Learn what the HOA pays for and does NOT pay for (does NOT pay for = what YOU pay for)
HOA can be perfect for an “absent” owner
7) What Do YOU Want and Why?
A vacation home?
Rent it out when you are away? = need a good property manager
Want it for other family members?
Want it to increase in value as an investment?