With records numbers of Florida homes for sale and prices continuing to drop, how easily can Canadians buy their own place in the sun? Florida is near the top of the list when it comes to foreclosures and declining home prices in the U.S.. Prices have retreated to levels not seen since 2001. Even Governor Charlie Crist is promoting real estate. In a January 27th town hall meeting he told residents to urge their friends in the chilly north to buy Florida real estate. Governor Crist said that now is the best time in years to buy Florida property, with real estate, taxes, and insurance all declining.
More and more Canadians are taking this new opportunity to purchase suddenly affordable Florida property.
While many Canadians have experience buying a home in Canada, buying a home in another country is a skill that few Canadians have. A new book out this spring is the answer to guide Canadian buyers through the process of finding, buying, and financing a second home in Florida. Buy Florida is an easy-to-use guide specifically written to help Canadians understand the differences they will encounter when looking to buy a place in Florida.
Buy Florida includes chapters on: where to look for homes in Florida, the purchase process, how to get a mortgage and finance the property in another country, and how to look after the home once it is purchased. Topics of interest to many Canadians include: foreclosures, short sales, and auctions; the mortgage market in the U.S.; differences in the purchase and closing process; and explanations of the ongoing costs and taxes associated with home ownership in Florida.