Home Buying in Florida>Question Details

Alejandra, Home Buyer in Buenos Aires, Argent...

Hello...I don't live in the United States tho I visited the country as a tourist many times...I'm interested

Asked by Alejandra, Buenos Aires, Argentina Wed Dec 31, 2008

in buying a condo or a single family home in Florida...My question is if I can still buy it financed ( with a deposit and payments )or I have to buy it cash.
Thanks a lot ! My email is aledixit@hotmail.com

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5
Alejandra:

I agree with the previous answer, 30% down is usually required for foreign investors. I do suggest you consider an investment property in the Disney area. Many investors own what is called a short-term rental. That is a vacation home that when not being used by the owners it is being rented by the week to other vacationers. The income from renting often pays a good portion of the mortgage amount, plus it allows for you to deduct all your travel as a business expense.

Currently there are many great opportunities do to the high number of foreclosures available, anything from townhomes, to fully furnished homes ready to rent.

If this is an option that might interest you, feel free to contact me, and I will sent you samples of properties available in your price range.

Tony.Vega@ColdwellBanker.com
0 votes Thank Flag Link Wed Dec 31, 2008
Hello, Alejandra
If you havent taken a look at the panhandle of Florida, you might want to do so. There is a brand new international airport being built in Panama City, which is only 50 miles away. You can go to http://www.Destin-FWB.com to see more about this area called Destin/Santa Rosa Beach. I would be happy to send you more information about the area, if you would like. International financing is available with some banks, with a significant down payment. These rules evolve as the economy changes, so investigation will be necessary, but we certainly can do that if you decide that this area is what you like.

Please feel free to call or email me for more information and I would be happy to assist you!

Myke
Web Reference: http://www.MykeTriebold.com
0 votes Thank Flag Link Wed Dec 31, 2008
Alejandra,

Congratulations on deciding on Southwest Florida. It is truly a wonderful location with many opportunities for today's buyers.

Foreign nationals can indeed purchase property in the US....Buying in cash is not a problem. Buying and financing will require you to pay a 30 to 40 percent deposit. But these loans are available and depend on employment and personal financial status.

Hope this is helpful

Happy New Year
0 votes Thank Flag Link Wed Dec 31, 2008
Hello Alejandra,
Yes we do have some lenders that will still finance. The normal requirement for down payment is a minimum of 30%. I am not sure what area you are interested in but would be happy to help to pass along information.
Happy New Year,
Nancy
http://www.nancydrealtor.net
nancy.doyle1@comcast.net
239-209-2237
0 votes Thank Flag Link Wed Dec 31, 2008
Hi Alejandra,

There are still some lenders who will finance a purchase for non residents. A cash offer usually carries more weight, because you don't have to wait for financing. Please let me know what area of Florida you are interested in. I'd love to help you find something. There are lots of good deals right now.

Nadine Mauro
Regency Realty Services
561-414-0864
NadineSellsHouses@gmail.com
0 votes Thank Flag Link Wed Dec 31, 2008
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