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My husband & I are UK citizens who currently reside in Dubai. We are looking at buying a house in Florida as an investment/holiday home.

Sarahb
Home Buyer
Florida

Is this possible and if so what kind of deposit would we be expected to provide? I had heard that it would be around 40%

Answers (1)
Bill Eckler-Flo...
Agent
Venice, FL
FIRST ANSWER

Sarah,

This s very possible and you can pretty much purchase a property in the US in the same manner as a US citizen. Your information is correct about needing a larger deposit of between 30 & 40 percent.

At this time we advise many of our foreign buyers that are considering financing to explore borrowing options in your home country prior to using a US source. Many find better rates and their transaction is treated in the same manner as a cash transaction.

We are well versed in the southwest Florida market and would be happy to support and interests in this location or provide you with additional typical buyer's information.

This is a great time to be considering your investment options. We wish you the best.

The Eckler Team
Michael Saunders & Company
billeckler@michaelsaunders.com
941-408-5363

Thu Sep 24 2009, 03:41

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