Before you buyyour Florida Villa, you will have questions
about mortgages, charges and restrictions. Florida Villa Sales
offer you FREE advice on all aspects of buying a Florida home
or investment property.
Take a look at the topics below, if you have any further
questions click here and fill in
- Questions have been raised about rental restrictions imposed
within the Disney area. Three counties have different sets
of rules. Orange County did, some time ago, bring in regulations
forbidding rentals of less than 30 days. This does not mean
that a property owner cannot rent their house; only that
each rental must be for a minimum of 30 days. However, the
number of rental agreements in any year could not be more
than 12 at the most and so a property in Orange County may
not be the best place to maximize rental income.
Osceola County now has rental restrictions in place. However,
the position is very different from Orange County. Authorities
have created exceptions and exclusions to protect the large
number of investors who have already purchased houses in
the county and the large number who continue to do so. Consequently
and without going too deeply into what are fairly complex
provisions, many developments have effectively been excluded
from the restrictions rendering them communities from which
short-term rental activities are allowed.
Polk County and Lake County are developing relatively fast.
Therefore further investment is being encouraged. It is
essential that a prospective buyer obtain advice as to the
suitability of the property / development and the use of
which it is intended. Rental restrictions should be carefully
evaluated and understood. We will gladly provide you with
advise guiding you safely and expertly throughout your selection
- The payment amount of the initial deposit will vary from
builder to builder. Most will require a $2,000—$5,000 at
contract stage. A deposit will enable you to write the contract,
thus fixing the price and protecting your chosen "lot" or
home from a price increase. A total of 10% based on the
contract price will be required prior to construction and
balances due when home is completed.
- A U.S. Bank Account is desirable to facilitate the transfer
of funds. We will be happy to introduce you to one of the
major banks and assist you in opening a suitable account.
An initial deposit of $50 should be adequate to open your
- Many are concerned about hidden extras and have heard
stories about buyers being saddled with unexpected charges
for closing costs long after it has become too late to withdraw
from the purchase. Closing costs comprise of several elements,
many of which are stamp duties payable on various documents
but the biggest expense is usually applicable to the mortgage.
Some builders will make a substantial contribution to closing
costs. If a US mortgage is not required some builders will
offer a cash discount. Finally, if the property is being
managed and rented out, you will need additional money for
escrow, lodging license, fire extinguisher and security
- If you are an investor seeking to run a business in the
United States, you will need to obtain the appropriate visa
to do so. We will briefly explain these to you and we can
arrange a meeting with our Immigration Consultant at your
convenience to discuss all options in more detail.
The availability of resale Property changes daily. We
will be happy to include a tour of appropriate resale
properties within your viewing program should this be
of interest to you. Good resale Property will not generally
be on the market long, and while there is always a possibility
that a "bargain" may become available, a true bargain
in a prime location can be difficult to find. The importance
of buying in a "prime" sought after location is crucial
if the property's resale value is to be optimized. There
could well be a good reason why a particular resale is
You can contact us today regarding buying a resale home
- click here
- Most builders will build one or more spec homes in anticipation
of a buyer wishing to buy a house that is ready to occupy.
This is a great way to see the finished product before completing
the purchase. The inventory obviously varies on a regular
basis, but we will be happy to show you the current availability.
- While you may like to furnish and equip your home yourself,
this can be somewhat time-consuming and expensive. Most
buyers opt for one of our "furniture and house ware" packages.
We do not consider it necessary or indeed advisable to spend
excessive sums on furniture, but equally we believe it could
be false economy to buy furniture of inferior quality which
may not stand up to the rigors of a rental property. Our
furniture pack will equip your property with attractive,
yet hard-wearing furnishings. Everything from a color TV,
washing machine, fridge, lamps, ashtrays and toilet rolls
are included. More expensive pack are available and most
items can be customized or upgraded to suit your taste and
budget. We also offer a free interior design service and
will be happy to arrange a suitable time for you to meet
with our interior designer.
- While Florida property purchases can often be financed
from one's home country, US mortgages will frequently be
more attractive and are readily available subject to approval.
Advances of 75% of the cost (house, lot and pool) are relatively
simple to obtain, 80% are not normally a problem although
much more detailed financial information will be required.
We will be happy to introduce you to various mortgage brokers
with whom we are associated.