Canadians Buying Key West Florida
Although the process may be different Canadian buyers will find that Real Estate in SW Florida is very attainable. Due to the massive depreciation the market has seen in theUnited States this is an unprecedented opportunity for Canadian nationals as well as any other foreign nationals that are interested in purchasing Real Estate in Key West and the Florida Keys at dramatically reduced prices.
There are special loan products for foreign nationals that are not much different than conventional loans. Property taxes are based on purchase price, just over 1%.
All in all the best way to achieve your Real Estate acquisition in the US is to work with an agent that has experience in closing deals with the challenges that foreign nationals bring as buyers. None of these challenges are as bad as you might expect and the experience of buying Real Estate in Naples, Marco Island, Estero, Bonita Springs, Fort Myers Beach will be overall a very smooth one for Canadians.
The best way to begin is to have a conversation with an agent about the kind of property that would interest you and the budget you would be working with. At the same time let the agent make suggestions for you to speak to three different lenders who might offer products for foreign nationals. We have a list of 6 or so available to our clients!
I would love the opportunity to help you get started:
