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Florida's Real Estate Tax is similar to the UK's 'Council Tax'. Real Estate Tax usually ranges from between one and two per cent of the property's value. These are largely based upon the assessed value of the property by the municipalities. Real Estate Taxes are usually paid annually and covers public services such as providing fire protection and rubbish collection.
Homeowners Association (HOA) fees are similar to 'service charge' in the UK. HOA fees are typically paid monthly and run on average from $100-$400 per month. HOA fees covers the cost of the amenities and services being provided by the community, such as a concierge, pool, fitness centre, sport courts, master insurance, communal areas, landscaping, water, etc.
Purchasing a property in Florida is simple and straightforward. Florida is very much a "user friendly state" giving the buyer an extremely easy and safe approach to home ownership. The single most important factor is to ensure that you use the services of a fully licensed Real Estate Company. Colordarcy only works with fully licensed Real Estate professionals in Florida. We will oversee the complete transaction from the time that you express an interest in Florida to when your home is ready for occupation, rent or sale.
This includes the following:
Click here to view properties for sale in Florida.
This is a concern shared by many prospective purchasers. The best possible assurance you can have is to ensure that you select a company that is independent and can therefore offer you impartial and unbiased advice on every aspect of property purchase and management.
It is essential that a company is highly knowledgeable and expert in all aspects of purchasing a property and can provide a professional and reliable management service with a proven track record of providing high levels of rental income.
Colordarcy and their associates, have several decades of experience in Florida real estate, and are without doubt the leading company for buying, selling and renting properties in the State of Florida.
A US Bank Account is desirable to facilitate the transfer of funds. We will be happy to introduce you to one of the major US banks and assist you in opening a suitable account. An initial deposit of $100 should be adequate to open your account.
Many buyers 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. This is not our experience - at the outset you will be provided with a Good Faith Estimate detailing all costs and charges.
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 70% of the cost (house, lot and pool) are available. We are more than happy to introduce you to our Florida finance specialist.
Yes, because Florida attracts so many families from the northern states, Canada and overseas, that spend only part of the year within its borders, there are many restrictions as to where and when short-term rentals are permitted.
For instance, the four counties that make up the majority of greater Orlando each have different rules relating to the letting of homes on a short-term basis. On the Gulf and Atlantic coast, the restrictions are extremely complicated and specific. It is therefore essential to obtain correct professional advice and guidance as to the suitability of a particular community.
Colordarcy will ensure that the property for sale that you select is completely free from any such restrictions and is legally zoned.
It is similar to completion under English law, the point at which you take ownership of the property.
Closing costs are the costs associated with processing the paperwork to buy a holiday home or investment property in Florida. Closing costs, which you will pay at settlement, average 2-5% of the price of the property. These costs cover legal fees, title deeds, searches, lender charges and processing expenses. You will be giving an estimate of the closing costs, so you will not have any surprises.
Your original offer is often rejected for one reason or another. However, do not let that stop you. At this stage, we begin the negotiation process. Your Portfolio Consultant will work with you to develop a winning negotiation strategy. You may have to offer more money, but you may ask the seller to cover some or all of your closing costs or to make repairs that would not normally be expected. Often, negotiations on a price go back and forth several times before a deal is made.
This is not an easy question to answer. Appointing a professional management company to manage and maintain your home in your absence is vital. If you intend to rent out your Florida property, it is also important to use the services of a company that will provide you with high levels of occupancy throughout the year, ensuring that you obtain the best possible returns. We can recommend management companies that have an enviable track record of providing owners with a comprehensive, professional and totally reliable service.
Property management will cost between 10% to 15% of rental income and are generally paid on a monthly basis.
We help our clients obtain the most comprehensive policies from several of the nation's leading underwriters. If you are letting your home, the management company should also make provision to obtain a security deposit from each group of guests on their arrival to cover all accidental breakages.
This is dependent on both individual circumstances and whether you intend to rent out the property. We will be pleased to discuss the implications with you prior to you visiting Florida, and can provide advice on the best methods of making your investment tax efficient.
We are a full service company, as such; we make it easy for you to purchase your Florida holiday home or investment property. Below you will find a list of some of the services you can expect when you purchase a property from Colordarcy.
No other Florida property specialist provides such a comprehensive service.
We are proud members of the Association of International Property Professionals (AIPP). As a consumer, when dealing with an AIPP approved company, you can be confident that you are receiving the highest level of service and professionalism. http://www.aipp.org.uk/
Our highly qualified team are experts on the Florida property market and will carefully select only the properties that pass our robust due diligence process.
Our team and local partners are fully licensed and regulated Florida Real Estate Company.
Offices in London, Florida, Brazil and China.
The UK's Leading Florida Property Specialist.
As Featured In: The Times, Daily Mail, A Place In The Sun, The Independent, Square Mile, OPP, BBC, Evening Standard, Financial Times
Our website only highlights a very small amount of available properties we have for sale in Florida and we have new deals coming in everyday, therefore we recommend that you call us on +44 (0) 207 100 2393 or register to become a Colordarcy VIP member. Our members are always the first to know about our amazing Florida property deals.
We do not offer lists and list of properties, we carefully select only the best properties that Florida has to offer, that we have personally researched.
Tell us what you are looking for and we will search our centralised database system and provide you with properties that match your personal goals and objectives.
For more information and to receive our weekly newsletter, which details the latest Forecloses, Bank Repossessions and Discounted Deals, please call: +44 (0) 207 100 2393 or register today.
This must read guide, with over 20 pages packed full of invaluable advice, real life case studies and up-to-date facts and figures, will provide the astute investor with all the information they need to know before buying a Florida holiday home or investment property. Click here to download your copy.
If you have any questions or would like more information on Florida or our services, please Call: +44 (0) 207 100 2393 or Click here to contact us.
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Head Office: 2 London Wall Buildings, London, EC2M 5UU, UK
Telephone: +44 (0)
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