In the wake of ‘Tonight with Trevor McDonald’ last week where the episode was titled: Florida Beached. Issues covered were horror stories from Brits who had bought in the sunshine state.
This highlights more than ever the need to get accurate, timely information to help you buying your holiday home in the sun. The British Homes Group has a dedicated team of professionals who can assist you in buying and financing your Florida home. We will give you the advice which is best for you where we can. If we are unable to answer your queries we will try to put you onto someone who is best qualified to do so.
Despite scaremonger reports, Florida has a stable economy and its property is relatively cheap by international standards – with a new Governor who is waging war on reducing property taxes and insurance rates. It is an established and mature market, unlike many European counterparts.
Whilst many UK press agencies speak of a "Housing Crash" it has to be kept in mind that the US is the third largest country in the world and like the UK there are areas, which suffer more than others. Florida has generally in the past been immune from the brunt of a correction as many buyers are foreign nationals. In the Orlando area especially there has been an increase in prices where as some other areas are suffering a small decrease in prices.
Inventory is high in the Orlando area, prices are stable, interest rates are low and the area has an economy, which is still growing – with hundreds of people moving to the area every day!
The best advice we can give is: Call us, we can put you on to the right Realtor in the area you want and get you talking to a Mortgage advisor who will be able to offer you the best product to suit your needs.