Tips for a successful purchase

Take your time when viewing properties, make sure you know what you want, where you want to buy and don't pay too much. Select a reliable, knowledgeable and local Real Estate Agent (Realtor). We can provide recommended agents if you require.

Virtually every property for sale in Florida is listed on a central database (the Multiple Listing System or MLS), which is available to all Real Estate Agents. These agents work as either ‘Seller's Agents' or ‘Buyer's Agents' so it is important to choose a Buyer's Agent carefully.

Don't be tempted to contact the vendor or Seller's Agent direct via the details on the ‘For Sale' board, as you would in the UK. This will generally work against your best interests as the agent may have loyalty only to the seller. It is better to choose a different Real Estate Company, other than the one selling the property, to only act for you and look after your interests.

If you intend to rent out the property make sure that this is allowable within the deed restrictions and ask the agent for last year's rental history.

Do not be coerced into buying a property due to high pressure sales tactics or ‘free inspection flight' offers. This often results in buying an overpriced property.

Open a US bank account upon your arrival in the US. It is a very straight forward process requiring a copy of your passport and a minimum deposit of approx. $100.

Transfer deposit funds to your US bank account in advance, allowing plenty of time for the money to clear.

Proof of origin of any large deposits (Patriot Act) will be required, so make sure this documentation is readily available.

You are not required to complete your purchase in Florida if time does not permit. You can have a solicitor witness your signatures in the UK and then courier the papers back to the US.

Do not be afraid to ask questions, make sure that you understand your mortgage offer and the purchasing process. Blue Bay Mortgages are here to help you with any questions you may have.