Even though you love your house, there will almost come a time when you want to sell off your house and move to Florida. You may look for a property for sale in Florida.
Unforeseen circumstances might force you to leave your hometown, you may want to move into a bigger property or better place to live.
If you have flexibility to select, spring and fall are the peak seasons for houses to buy and sell .If you are ready to purchase a new property before you have sold your own, remember that the people who buy your property will probably have to borrow to finance the purchase and their lender will lend and amount based on the lower of the sales price or appraised value. If you get your own appraisal done, this will give you a more confident feel of how much money you have to spend on buying property in Florida and prevent you from getting too attached to a property outside your budget.
For buying property in Florida, in case you have lack of liquidity, it’s a good idea to get pre-approved for a mortgage on your next home as early as possible. Then, if you make a quick sale on your current property you won’t be left waiting for approval before you can get serious about buying a new home.
Although the best guarantee against timing issue, when buying property in Florida, is “cash”. Having savings that will fund your commitments for few months is highly advisable.
Moving to Florida then buying a property can be simple and straightforward – if you have the right agent to guide you through the process and arm yourself with some basic information in advance. Never, ever make the mistake of assuming something will work a certain way because that is what would happen in my hometown. Unless of course you have sensibly enlisted the help of someone who is specifically experienced in the exact business of helping foreigners to buy property in Florida.
That is really the only guaranteed way of getting through the process from start to finish without tears. It isn’t enough to work only with people who understand the Florida system – if they don’t also have some understanding of the system you are familiar with they will not know what they have to focus on to help you with the critical differences between the two.