Nesta seção você encontrará as perguntas mais comuns que encontramos ao longo dos anos de trabalho neste setor.
Yes. For the vast majority of international investors, including Brazilians, Europeans, and Canadians, the Florida real estate market is completely open. Law SB 264 created specific restrictions only for buyers from specific countries, such as China and Russia, in areas close to critical infrastructure. For others, there are no impediments. Florida Connexion conducts complete due diligence on each operation, ensuring that the chosen property complies with all current legislation.
It is not mandatory, but it makes all the difference. When the buyer negotiates directly with the builder without their own representation, the commission is paid entirely to the builder’s representative. The buyer is left without a professional on their side, guiding each decision. With a trusted realtor, you have an expert defending your interests throughout the process, at no additional cost to you.
In the vast majority of transactions, the seller is responsible for paying the commission, which is divided between the buyer’s and seller’s realtors. In the case of new properties, this cost is borne by the builder. For the buyer, the professional support of a realtor does not represent an additional cost.
Yes. Making an offer below the asking price is possible, depending on the current market situation and the region. It is up to the seller to accept, reject, or counteroffer. Direct negotiation with builders usually has less margin, as prices tend to be more fixed during the launch and construction period.
In addition to the property value, there are closing costs that vary depending on the type of transaction. In cash purchases, these costs are around 2% to 3% of the property value. In financed purchases, the estimate rises to 5% to 7%, considering bank fees, property insurance, registration, and document processing. Our team presents a detailed estimate before any commitment.
Yes, and the conditions are increasingly accessible. One of the most used modalities by foreign investors is DSCR (Debt Service Coverage Ratio) loans, in which the approval considers the income potential of the property and not the buyer’s personal income in their home country. The down payment is usually between 25% and 30% of the property value. Florida Connexion recommends the most suitable financial institution for your profile and monitors the entire approval process.
FIRPTA is a federal withholding applied to the sale of properties by foreigners, equivalent to 15% of the gross transaction value. It functions as an advance guarantee of the payment of capital gains taxes, not as an extra tax. If the profit obtained from the sale is small or non-existent, it is possible to request a partial or total refund from the IRS. We connect our clients to specialized accountants who structure the sale to reduce this impact to a minimum.
The property tax in Florida is approximately 2% of the assessed value of the property. The exact amount varies depending on the county and the characteristics of the property.
When the property is registered in the name of an individual, the transfer to the heirs requires the payment of inheritance tax. In many cases, by registering the property in the name of a legal entity established in Florida, the heirs become partners in the company and the succession happens automatically.
We accompany our clients from beginning to end. From researching and selecting the property to closing, including opening a local bank account, connecting with accountants, lawyers, immigration specialists, and translators.
Remote management is done through integrated Property Management services by the group’s company, Welcome Home, for annual rentals. For Short-term Rental (vacation rental) services, we recommend partner companies.
