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Esales Property LimitedThe Global Property service is a convenient tool that assists foreigners in swiftly locating and purchasing a villa in Florida. The site’s catalogue features over 70,000 listings of homes and townhouses for sale across various cities in the state.
- Utilise convenient search filters based on location, price, size and other property characteristics.
- Receive a list of homes matching your criteria. Review listings, paying attention to photos, descriptions and prices.
- Compare options and select those that best meet your requirements.
- For more information about a specific property, you can request additional details by contacting the seller via the site’s convenient contact form.
- Upon making your choice, place a deposit and sign a preliminary agreement with the developer or realtor.
- Arrange for an inspector to assess the property for any hidden technical defects.
- Once the property passes inspection, finalise the purchase agreement with the seller and settle the remaining amount for the villa.
- Register the property ownership.
All legal aspects of the transaction are managed with the assistance of a lawyer well-versed in real estate in Florida. The buyer covers the fees for these specialists. The seller, on the other hand, is responsible for settling all outstanding obligations associated with the property's maintenance.
- The starting cost of villas in Florida is USD 50,000
- The most expensive villa in the state is listed at USD 109.8 million
On the Global Property website, the range of villa prices in Florida is as follows:
| Bedrooms | Minimum Price (in USD) | Maximum Price (in USD) |
|---|---|---|
| 1 bedroom | 58,000 | 4.5 million |
| 2 bedrooms | 50,000 | 14.75 million |
| 3 bedrooms | 55,000 | 37.5 million |
| 4 bedrooms | 55,000 | 58 million |
| 5 bedrooms | 60,000 | 49 million |
| 6 bedrooms | 300,000 | 98 million |
| 7-10 bedrooms | 220,000 | 109.8 million |
- The smallest home listed on the RealEstate website is 33.4 m²
- The largest villa features an area of 2,583 m²
Purchasing a villa, apartment or condo in Florida does not automatically grant you the right to obtain a residence permit (Green Card) or citizenship in the USA. However, there are alternative options for gaining resident status:
- Work visa (H-1B and others): Designed for professionals who have received a job offer from an American employer;
- Investor visa (EB-5): Available for foreigners willing to invest a significant amount in the US economy, thereby creating jobs for Americans;
- Visa for individuals with extraordinary abilities (O-1): Designed for foreigners with exceptional achievements in science, arts, education, business or sports;
- Family visa: Available for close relatives of US citizens or permanent residents;
- Green Card Lottery (DV Lottery): An annual programme offering the chance to obtain residency randomly to participants from countries with low immigration rates to the USA;
- Refugee and asylum visas: Granted to individuals facing persecution in their home country;
Intra-company transfer visa (L-1): Issued to managers, executives or specialists being transferred to the US office of their company.
Villas for sale in Florida
Florida attracts real estate buyers worldwide with its warm climate, stunning beaches and high standard of living. The state offers a diverse range of homes, from quaint one-storey bungalows to luxurious oceanfront villas. Many villas and houses in Florida are designed in tropical or Mediterranean styles, featuring facades typically adorned with stucco, ideal for enduring humid weather conditions. Modern homes are equipped with reinforced glass and roofs capable of withstanding strong winds.
In the state's market, you can find both fully completed homes and properties under construction. The primary advantage of a finished home is the ability to use it immediately. Buyers can also personally inspect the property before closing the deal, assessing all its advantages and disadvantages.
Homes under construction are attractive due to their lower cost, convenient instalment payment plans and the flexibility to select finish options. Additionally, these homes often incorporate modern materials that are more environmentally friendly, durable and energy-efficient.
Foreigners have the right to secure a mortgage to buy a house in Florida, although the terms from American banks may differ from those for US citizens. Typically, a higher down payment (20-30%) is required and the interest rate may be slightly higher. The repayment term and interest rate vary depending on the bank and the specific terms of the deal, with standard mortgage terms being 15 and 30 years.
When planning the budget for purchasing a home, it’s essential to consider additional expenses such as property taxes, hurricane and flood insurance and maintenance and management fees.
Reasons for investing in a house in Florida
Investing in homes and apartments in Florida is a popular choice among investors worldwide, thanks to its stable price growth and high rental yields. Key advantages of such investments include:
- High demand for rental housing due to the year-round influx of tourists and the state's attractiveness to expats;
- Stable growth in house prices in Florida over recent years. In 2023, property prices in the state increased by 23% year-over-year;
- Continued price growth is anticipated in 2024, with experts predicting a 2.63% increase in property values;
- High rental income: The average net rental income can reach USD1,400 per month, particularly in popular locations like Miami.
The most attractive regions for purchasing villas in Florida for investment are:
- Miami and its surroundings, owing to the high rental demand and tourist appeal;
- Orlando, renowned for its entertainment parks and high demand for short-term rentals;
- Destin, offering high-quality villas and homes with beach views, making it popular among premium property buyers who want to buy an investment villa in Florida.
Buying villas in Florida
Selecting a house for sale in Florida is an important and responsible process. With the Global Property service, this process becomes as comfortable and secure as possible. The site offers users the opportunity to choose from thousands of current listings. The database encompasses a wide range of properties catering to any budget and taste.
For foreign buyers, the portal offers a built-in converter to aid in assessing the cost of homes in their local currency.
We thoroughly vet each agency and developer whose listings are featured on our site, ensuring the safety and reliability of transactions.
Advanced search and sorting tools enable you to swiftly filter properties that match your price range, number of bedrooms, location, proximity to the sea and other important parameters.
With a constantly updated database of listings, you’ll stay informed about all the best market deals. The ability to compare several properties from different sellers empowers you to choose and purchase a home that perfectly meets all your criteria.