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  The Buying Process
        How to Become an Owner

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Everything Is Made Easy For You

There are so many things to organise when buying a home overseas and you may have considered a number of these, but maybe not everything.

The Obvious Questions are ...
  Can you help with mortgages?   
Do we need a bank account?  
Who cleans the home?
How do we get rentals?          
Who services the pool?       
Do we need a lawyer?

“But there are so many more things to consider when buying a home in Florida”

Discover the benefits of Owning in Orlando
Brochure cover. Brochure contains info on how to buy property in orlando Florida Tick New Property
Tick Development Brochure
Tick How to find the right home
Tick Repossession List
Tick Regular Resale List
Tick How to make rental work

Our friendly team are here to guide you every step of the way and either arrange, assist or advise on everything you will require before your visit, during the purchase, throughout the build, at closing and after completion. There will obviously be certain things you need to have an input in such as opening a bank account and filling in a mortgage application (if required) but we are here to help.

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Tick Access to Mortgages
Tick US Bank Account 
Tick Currency Exchange
Tick Furniture Packages
Tick Interior Designers
Tick Connecting Utility’s 
Tick Applying for all licences 
Tick Rules and Regulations
Tick Tax Numbers
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What Do You Want From Your Florida Home?

You are now at the point where you understand what you will require to find the right property and to complete a successful purchase; it’s probably a good time to think what you actually want from your Florida home.

Is it 100% a financial investment or is this a purchase to add to your lifestyle?

Homes are attractively priced, what you get for your money and the year round rental return in Florida will outweigh nearly every comparable market in the world. This is easy for everybody to see.

The benefit of owning in the Sunshine State will likely increase your standard of living, it certainly increased ours. Apart from the obvious attractions to owning a home in Orlando we regularly fly via any number of US cities and have enjoyed stays in Washington, New York and Las Vegas over the years.

The cruises we have experienced from Port Canaveral to the Bahamas and the Caribbean have created lifelong memories. Other owners have added Skiing Holidays via Colorado, Marlin Fishing Trips out of Clearwater and even visits to the US Masters in Augusta which is only a 6 hour drive from Orlando.

What I am trying to do here is make you stop and think what you actually want from the home.
Previous experience tells us the majority of buyers want a financial investment but the lifestyle benefits that come with owning in Florida also appeal.

Wherever you fall in this spectrum, nearly everybody requires a certain amount of rental income to make the home pay its way or at least provide enough income to cover basic running costs. Some require more rental than others as they view it more of an investment but buyers can generally be split into 4 groups.

“It is important you consider which group you fall into as it can affect what you choose to buy”
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First Group

These are the buyers who are happy to purchase a resale Pool Home for around $200k / £130k which probably needs attention to bring it up to the standard we would expect to achieve a good rental return

They are likely buying outright or with very little finance, if any at all. They will spend extended periods in the home, possibly staying for a few weeks here and there and leaving the rest of the calendar free to generate income throughout the year.

This type of buyer is not necessarily concerned about being in the prime locations and will generally choose the house as opposed to the development. They are likely to achieve between 25 and 30 weeks rental income and are happy that they use the home a lot themselves should they wish.
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Second Group

The 2nd group has a very similar budget to the first group but require as much income from the home as possible.

They are normally borrowing a significant amount of the purchase price and are likely to need 30 plus week's rental to make the home pay its way.

This is very achievable and still leaves plenty of time for the owner to use the home themselves. I would recommend that if you fall into this group then you need to think about doing some of the rentals yourself.

A good company will still do the majority of your rentals but with a small amount of private advertising you can supplement the homes annual income with only a handful of bookings each year.

Buy Property in Orlando Florida
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Third Group

This is the buyer who wants maximum income from their home. It would be foolish of this buyer to try and cut corners. The property must be in the most desirable rental developments, the location must be right and the home must be well presented. It doesn't have to be a brand new home but it must have a Wow Factor. It should also have some, although not necessary all of the following additional features.

Tick Upgraded Furniture 
Tick Flat Screen TVs 
Tick Extended Pool & Deck

Tick Spa 
Tick Games Room 
Tick Conservation View

This buyer is not likely to find a home below $250k but they will find excellent properties above this figure that do rent out extremely well. The typical budget within this group would be around $300k and the homes will produce between 30 and 40 weeks rental occupancy year on year.

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Fourth Group

This is the buyer who wants the higher end home and although they welcome rental income to offset running costs it is not a necessity. They are happy to block the home for extended periods for themselves or their families and friends. They will still want all of the additional features which are listed above.
More often than not they are cash buyers and 25 weeks rental income will normally cover all costs associated with running the home and still leave plenty of weeks for their own use.

Please note these groups are not definitive and you may fall between 2 of them. You may even change what you want from the home over time but it is wise to understand what you want from the home before buying.

If you require any further information or have any questions you need answering then don't hesitate to contact
Pauline or Paul on 0845 260 2144.
We are more than happy to go through any of the above in more detail
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