A Place in The Sun Buying Guide Florida 2022

Buying Guide
Florida
Buying Guide to
Florida
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Buying Guide
Florida
Contents
-----
WHERE TO BUY AND WHAT TYPE OF
PROPERTY TO CHOOSE
3 Introduction to Florida
4 Popular regions
5 The Property Market
7 Orlando
9 Davenport
10 Kissimmee
12 Haines City
13 Clermont
3 14
15
Reunion
Sarasota
-----
HOW TO BUY PROPERTY IN FLORIDA
16 Starting your search
6 17 Transferring your money abroad

19 The Buying Process
22 Viewing Trips Explained
23 5 Things Every Florida Property Buyer
Should Ask
13 24 Essential tax checklist for buying

property in Florida
-----
LIVING IN FLORIDA
26 Education
27
15 28
Healthcare
Visas
29 Shipping your belongings to Florida
With thanks to Homes of America Realty Group

16 for providing content in this guide.
www.homesofamericarealtygroup.com
homesofamericaus@gmail.com
WHERE TO BUY AND WHAT

HOW TO BUY PROPERTY IN FLORIDA LIVING IN FLORIDA
TYPE OF PROPERTY TO CHOOSE
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Buying Guide
Florida
Introduction to Florida
and it’s the international hub of shore

power racing. The residents of Florida
are very friendly, polite people and
love to have a chat with tourists to help
you make the most of what they are so
proud of in Florida.
Florida has beautiful beaches all
around its 1,350 miles of coastline.
According to TripAdvisor in 2021
Florida has eight of the best beaches
in the whole USA, including Hawaii.
Make sure you put some time aside to
be astounded by Florida’s beaches and
feel the warm fine sand between your
toes. From the burgeoning arts scene
of Miami, or the boating scene of the
intracoastal waterway running from
Boston to Key West, or the alligators of
the Everglades - the attractions are too
arm weather all year round, of housing styles, cultures and prices. legion to list here.
W the best entertainment on There are arty and bohemian towns like If you like sports, then the winter sun
the planet, competitively Sarasota, cool and wealthy enclaves like attracts every sport you can think of
year-round flights, and an English- Naples, historic cities like St Augustine, except downhill skiing! Although that
speaking culture: what a wonderful or cool party towns/cities like Tampa, said, they have just opened up a new
option Florida is if you are buying a or Miami in the south where Latin alpine snow park attraction near to
holiday home or moving there. With America – or the artistically minded Tampa, where you can ski, snow tube,
its generously sized homes and plot - comes to spend its money on make snowballs, ice skate and eat and
sizes there’s plenty of room to swing condominiums and having fun. drink in the ‘alpine’ village.
a golf club, and and its villas, condos Orlando has a cosmopolitan city, Like many other well-established
and townhomes that are inexpensive by cultural centres, green parks, golf courses markets since Covid-19 arrived, the
international standards. and so many lakes too – more than USA has some of the world’s most
Many Florida buyers comment there are anywhere in Florida. If you are advanced systems for choosing the
how you get so much more “bang for unsure where you want to buy in Florida, right property, from drone footage to
your buck” when buying property in then perhaps a Florida “Fly Drive” to interactive virtual-reality videos where
Florida – even the walk-in closets can see the State could be useful before you you can “walk through” a property
be bigger than the bedrooms in some lay your hat down in an advertised area without ever leaving the UK. Buying
European developments! Plus, with when an area you like even better might processes are simple, low cost and
Florida’s weather being generally good be just around the corner. transparent for the buyer too. ¤
all year round, you are not fettered Florida will be your heaven on
by the seasonality of rentals like some earth if you like year-round sun, golf,
Mediterranean beach destinations, and yachting, sea fishing, kayaking, or those
the hefty weeks of occupancy you might great American pastimes: shopping and
expect means that this market appeals to eating. For children, the warm weather
investors too. and wide-open spaces mean it is not just
The “Sunshine State” is 65,758 sq about theme parks. Florida is known
miles. To give some context to that for its horse ranches, Nascar racing
number, the size of the whole UK at Daytona, “Space Coast” where the
is 93,628 sq miles so there are many shuttles once flew from and now you
areas you can visit, and a wide variety can watch the SpaceX rocket launches,

Buying Guide
Florida
Popular Regions of Florida
ontrary to popular opinion, Mickey Mouse’s backyard, there are

C Florida is not just about plenty of beautiful calming landscaped
tangerine-tanned tourists gardens, countryside, walkways, jogging
(and we are not talking about Donald paths, nature reserves and tranquil
Trump who has relocated there!) and settings of water.
that infamous mouse with the big ears. Those who venture away from the
Even though a large chunk of central water, big cities and tourist hangouts
Florida is dedicated to the tourist trade, will undoubtedly pay less for property.
there are also alligator filled mangrove But you do need to factor in the idea
swamps in the Everglades, contrasting that it could be harder to let these
with Miami’s uber-groovy South Beach, homes out for high sums if you are
where beautiful people rollerblade in keen on obtaining rental income.
front of Art Deco buildings. Fundamental locations for the investor
In Florida, you are never very far or someone looking to buy a home
from a body of water of some sort, from that will attract rentals in this large
the Atlantic, Gulf and Gold coasts, to state include: Orlando but the south
the Keys, various lakes and canal-like side, Davenport on the north side,
inter-coastal waterways. For a location Kissimmee but especially the west side
often wrongly dismissed as simply and the southeast side of Clermont.¤

Buying Guide
Florida
The Property Market
n the last ‘normal’ year out in 2011 and has been rising steadily home price was $415,000, also trending
I before Covid-19 hit – 2019 - since. The good news for buyers is that up, at 11.4% year-over-year.
131,420,000 people visited the property still hasn’t got back to pre-crisis Most second homes around Disney
state of Florida - it was a record year. levels, and it remains pretty affordable are in the so-called ‘Golden Triangle’ or
Orlando had 75m visitors in 2019 and when compared to European locations ‘Four Corners’ areas of central Florida.
even during the pandemic-ravaged 2020 where space comes at a much higher The “Golden Triangle” is bissected
it attracted 35.3m visitors in 2020 - so premium. by Interstate 4 (I4) which means fast
it must have an awful lot that appeals. The US Federal government access to Orlando city and the airport.
It is not called the Sunshine State for implemented many checks and balances Established communities (also called
nothing, and it is where thousands of on the causes of the financial melt-down, resorts) that combine easy access to
inhabitants of the Northern hemisphere particularly in the sub-prime mortgage the theme parks, golf and fast travel to
head every summer and every winter - market. which will ensure controlled the west and east beaches. These areas
including plenty of UK families, retirees, stable growth for the future. Moderate typically offer the best rental returns.
sunseekers, fishermen and golfers. growth is predicted going forward, the The classic property choice for
Despite such diversity, the biggest market having been resilient during the British buyers is a spacious, modern
share of British buyers head to the pandemic. villa in central Florida, with a pool and
Orlando area, the most visited tourist The latest data proves this, showing
destination in the US. It’s the core that domestic buyers have been heading
market for British families that seek a south for sun and space, and low interest
four-bedroom with a pool for a couple rates for US residents has helped drive
of holidays a year and some good rental demand too. Orlando’s median home
returns to pay the bills. Add the two price reached $320,000 in July 2021,
together and you get the vibrant holiday continuing a six-month trend of record-
rentals market that exists there. setting prices. This in an increase of
But what’s happening to prices? The 18.5% from July 2020, when the median
market in Central Florida peaked there home price was $270,000. In Sarasota,
in 2007 and then fell hard, bottomed on the Gulf Coast, the median listing

Buying Guide
Florida
The Property Market (continued)
within 20 minutes’ drive of the gates of (or single-family home) with a pool on a different but typically prices have picked
Disneyworld and Universal Studios and popular community within 20 minutes of up since the last global economic crisis
all the other entertainment that awaits a Disney World. and tourism is vibrant too.
family. You can find this, and find one History dictates for the buyer that For example, both coasts have longer
that is likely to be fully furnished, from the #1 investment with a good return short-term rental periods (STR) meaning
£190,000. Townhomes with a small pool on investment (ROI), is with a detached that buyers can rent the property but
known as a “spool” can be yours from pool villa purchase; #2 is a townhome may be restricted to renting no less than
£160,000 or apartments/condos on a with a pool on a resort; #3 is an seven months at a time, for example. In
holiday complex from £100,000. apartment/condo on a resort; and #4 central Florida and specifically Orlando,
If you want to pay for the upkeep is a townhome with no pool on a resort. short-term rental areas will typically
of your Florida property with rental The fundamentals are all there for allow you to rent for as little as one
income, do ensure you are in an area investors - population growth, a great night if you wish. As is typical elsewhere,
which is legally zoned for short-term economy, healthy tourist levels and a pricing will be higher the nearer you are
rentals. Your use of a licenced and reduced stock of homes that is squeezing to the coast.
experienced real estate broker or realtor prices slowly upward. Many second home “snow birds” in
will ensure your home will be correctly Other popular areas of Florida include particular will buy within 20 minutes
zoned for your needs. the coastal areas of Daytona Beach, inland of the beach to keep the holding
The buying process is however Melbourne, New Smyrna beach, Miami, (running) costs to a minimum in their
transparent, the taxation comparatively Fort Lauderdale, Palm Beach, Boca absence whilst prices by the coast also
low – both purchase costs and income Raton and St Augustine on the East tend to be higher where space is much
tax - and agents (known as realtors) are Coast and Clearwater Beach, St Pete’s more limited, wherever you are. ¤
very well geared up to selling to British Beach, Venice Beach, Sanibel Island,
buyers in the popular areas. Cape Coral/Fort Myers, Sarasota and
For $250,000 to $400,000 you can still Naples Beach on the west coast. The
buy a three, four or five-bedroom villa micro-markets for these areas are all very

Buying Guide
Florida
Orlando
ost British buyers flock to the time to cover running costs. year. Good due diligence from you - by
M central Florida near Orlando, Beware of over-optimistic rental talking to a few good long-standing
close to the theme parks yield promises when it comes to short- rental companies and asking to see their
of Walt Disney World, SeaWorld term rentals in the Disney area. Not historical occupancy weeks in the area
Orlando, Disney’s Hollywood Studios, all new-build builders will give you or, more specifically, not just the rates
the Wizarding World of Harry Potter, realistic rental projections. You are best per night but the net income to you per
Universal Studios, Epcot, LegoLand, checking such information with your night (after rental commission costs are
Gatorland and so many more. You licensed and experienced realtor. Most deducted). With the right advice from
are never left wondering what to do Florida homeowners are able to break an in-area experienced broker and you
in Orlando, rain or shine. Second even if choosing the right home to buy can find the best property available that
home buyers and investors rarely buy and many are able to attract enough will perform to produce the income you
in the city of Orlando itself - zoning rental income to make a profit but this are looking for.
restrictions do not allow short-term will stand and fall with the property you What makes a good rental villa in
rentals anyway - and prefer one of the choose. It will also vary with the amount the Disney area? Is it really summed up
housing estates outside Orlando that of time you yourself choose to spend at in the old adage of location, location,
make up one of the world’s largest the property, thus reducing the overall location? The answer is no, not just
holiday communities. number of weeks the home can be
Year-round sun, plentiful fights rented out for.
and a massive amount to do catapults Buying with a mortgage at 30 per
Orlando into the number one spot for cent deposit requires on average 12
British property buyers. Many like the to 13 weeks of rental to cover the
mix of holiday home and investment, cost of borrowing. Therefore, with a
using their overseas purchase for mortgage its logical to source a home
vacations, and renting it out the rest of that produces enough weeks every

Buying Guide
Florida
Orlando (continued)
purely the location. It is generally the north, away from the sun, in the depths interested buyers. In desirable areas
detached villa with a pool that gives the of winter, the midday angle of the sun where any surplus inventory has dried
best return (ROI) over townhomes and has lowered for the sun to rise in the up, multiple offers to contract wars have
condos/apartments. southeast and to set in the southwest. already returned.
The typical family on holiday Therefore, buying a home that has The trick in being successful is to be
usually want a three, four, five or a southern pool and deck exposure well prepared before you go. Buying
six-bedroom home with a pool and not only allows you to have wall-to- with a mortgage? Then ask a Florida
having a spa or a games room is a wall sunshine all year round but it mortgage broker for mortgage pre-
bonus. Using that adage, location is also makes a difference on the home’s approval to show you what price you
best within a 20-25-minute drive of income of 10 to 14 weeks of rental can actually borrow up to. Buying with
Disney and should not be measured in income p.a. ($10,000 to $18,000, cash? Then organize your proof of
miles. Location, on a good short-term dependent on the home) over and above funds such as print outs of any accounts
rental community that historically has from the north-facing pool home that is that match your purchase budget as
excellent rental history, should be high straight across the street. Canny renters that is required to accompany the offer
on your wish list. will always choose a south-east moving contract to be accepted and signed off
Location – or position within the round to south-west facing pool in by a seller.
community - is the most important use preference to a north-facing one. Also, it is worth noting that Orlando
of the word location and this applies The trick is to check out the location is not just about outlying communities
to any short-term rental property in of the home and then the condition of near theme parks. Over recent years,
Florida. This is important to the winter- the property, and to be able to move the historic downtown areas have
use second home buyer. Florida is quickly on the best homes that you’re been spruced up, with small boutique
subtropical and as the Earth turns away likely to be battling for with other shops, cafes and restaurants within
walking distance of rejuvenated historic
and new homes. Prices are generally
higher than in a less characterful
housing estate outside the city, but
they are still reasonable. A decent
one-bedroom condominium starts
at around $150,000, while an older
three-bedroom home is $290,000.
The minimum rental period will be six
months on these properties. ¤

Buying Guide
Florida
Davenport
avenport is where many very well, but location aside, newer the Highlands Reserve Golf Club for
D people tend to head for in homes - and older homes that have been around $180,000 or a four-bedroom,
Central Florida if they want updated - can command the higher three-bathroom large end unit for
to be close to Disney World. Located rental rates because they offer more $210,000.
in the north-east of Polk County, it is appeal as modern feeling and offer the Or you could consider
less than 10 miles away from the Magic latest finishes and technology. Flowery ChampionsGate, a huge and popular
Kingdom. sofas with the cane wicker coffee tables resort of 1,500 acres southwest of
More than 80 per cent of Polk and net curtains do not impress most Disney, on the edge of Davenport area.
County’s 7,000 holiday homes are potential guests! It has got a 36 holes of championship
located in Davenport, with the majority Many communities have been golf course designed by Greg Norman,
of them being north of the city itself - packed into this area and some can with a huge clubhouse, but also a
between Interstate 4 (I4), highway US 27 feel very high density. Watersong is 10,000 sq foot European-style spa and
and the US HWY 192 - an area that has perhaps worth picking out as one of fitness facility, formal pool with private
been experiencing impressive growth. the most popular rental communities cabanas, heated family pool with
It is also only around 40 minutes away because properties are built on larger waterslide and an 850-foot lazy river,
from Orlando International Airport, or longer plots, with space between them and seven restaurants.
an hour from Tampa. in the “Preserve” section, mostly with Properties at The Retreat (at
Davenport is much more though conservation area or lake views. Prices ChampionsGate), a community section
than just Disney’s backyard - and being of four/five-bedroom villas tend to span zoned for short-term rental, start in the
around these good highways allows $290,000 to $415,000. $400,000s. TIP: look at the size of the
quick and easy access to all other Tuscan Ridge is another popular house vs the size of the lot (plot). If there
activities that await you and your family community, with three- to five-bedroom are standard sized lots, one with the
such as Islands of Adventure, Universal homes on wide lots with a low HOA smaller four-bedroom, four-bathroom
Studios, Sea World, LegoLand, (home owners association) fees, home (that can legally house 10 guests)
shopping, the coast, and the beach. averaging $290,000 to $335,000 to buy. and has more room for a larger pool and
There are golf courses too - 42 to It is a convenient five-minute drive from deck on the lot; whilst one with a nine-
choose from! Highlands Reserve, the highway and amenities. bedroom home which can legally house
Ridgewood Lakes Golf Club, Fancy a golf home? You can get 20 guests is a much larger property so
ChampionsGate, Southern Dunes, a three-bedroom townhouse next to has a smaller pool and deck. ¤
Celebration and Providence are
amongst the most popular - but also
wineries, Posner Park - a large outdoor
shopping mall and entertainment hub,
a candy factory, sports centres galore.
Prefer a beach today? Then the beaches
of the eastern coast at Daytona and the
west coast at Clearwater are only 90-100
minutes’ drive away.
If you want to buy a home in
Davenport, you will be bamboozled
with all sorts of short-term rental
communities, offering everything from
a two-bedroom apartment for around
$140,000 - 10 minutes from Disney – to
a three-bedroom property for around
$240,000, or four-bedroom properties
from around $280,000.
Properties in the area tend to rent

Buying Guide
Florida
Kissimmee
or many people Kissimmee drive catchment area, so do consider Homes, Veranda Palms is a gated
F means Disney World. this when looking for a property. community of single-family homes with
Located mainly to the east Yet within that eastern portion of pools, swimming pool, clubhouse and
of Disney World but also covers a five Kissimmee, there are some gems of fitness centre. Prices start from around
mile stretch to the west of the theme great rental communities, such as $340,000 to late $600s’. With five-
park too, it lies south of Orlando. Bellavida, a resort that attracts 40-plus bedroom to 15-bedroom/15-bathroom
Orlando International airport (MCO) weeks of rental a year. Veranda Palms homes!
is above on the northwest shore of Lake is another sought-after resort with an BellaVida is another extremely
Tohopekaliga (nicknamed Lake Toho). ultra-modern clubhouse, but there is popular resort-style community, with
Located in central Florida’s Osceola also Story Lake, Cumbrian Lakes, and four to ten-bedroom homes with
County, it is targeted by tourists coming Terra Verdi. On Cumbrian Lakes, for private pools. Prices start from the
to see the theme parks and it is well example, you can buy a four-bedroom, high $300,000s - a six-bedroom home
geared up to accommodate families four-bath villa for around $325,000. has recently sold for $450,000 - and
doing just that – but also lots more. There seems to a key distinction Disney World is four miles, or within 15
Much of it is located 5-15 minutes between the areas east or west of the minutes, away. There is a volleyball and
from Disney but there is a key difference Interstate 4 (I4). East of it, there are lots basketball court, putting green, a lake
between east and west Kissimmee if of old communities because that was with a perimeter path and full-service
you want to bank on renting out your the sought-after area to be in, before clubhouse.
property easily, say local lettings agents. building got pushed further west, but It is reasonably close to the small-
With the western part running onto the some new communities have revitalized town America style community of
Disney Corridor - and generally newer the area, such as Veranda Palms and Celebration (the name alone makes it a
homes - it is clear why this part is more Bella Vida. must-see!). It was started and designed
popular. In contrast, the eastern far Next to a county park, and built by Disney to give people back that
limits are outside the magic 20-minute by a reputed developer, Park Square ‘small town’ community spirit, and you

Buying Guide
Florida
Kissimmee (continued)
either love it or you don’t. You can have just a paved patio or possibly an World. Just off Highway 192 and only
buy a home there but there is strictly above-ground Jacuzzi. The middle 2.5 miles to Disney World’s entrance,
no short-term rentals allowed and the units are generally three-bedroom, it might be the perfect spot for rentals
HOA is rather high. and their smaller patio pool is about but do bear in mind it is an older
There is also the verdant Kissimmee 10 sq feet, but the end four-bedroom/ development, so will be competing
Waterfront Park with walking paths, three-bathroom units are more like a against newer properties. But for some
playgrounds and a fishing pier plus walk semi-detached house, being about 1,650 renters, the closeness to Disney does
the historic main street of Kissimmee. sq ft, and come with a larger deck and a compensate for that.
Kissimmee originally grew as the regular full-sized pool. Its proximity to Mystic Dunes Golf
railroad depot for transporting cattle If higher end condos are your choice, course and being only five minutes from
bred locally to feed the Southern troops then check out Caribe Cove,10 minutes the main street shops and restaurants
during the American civil war. from Disney’s west gate, a hotel-style of US 192 also mean that it is still a
So, what are house prices doing in resort with properties from around major attraction to owners and renters
Kissimmee? They are predicted to $118,000 - $200,000. It is a boutique alike. There are water slides, superb
maintain a low steady rise over the resort with five buildings and five stories swimming pools, clubhouse, games
coming years based on the US treasury with lifts. A very cute cozy clubhouse room, restaurants and sports facilities.
restrictions instigated after the last offers all that you need for your holiday, As mentioned at the outset, the key
crash in the housing market. A typical with a shop, coffee, reception, infinity to buying in Kissimmee is doing your
property sought by buyers is a four- pool over adjoining lake. research on location when buying for
bedroom pool home can be had for Another popular resort nearby is holiday rentals - but with tourists to
$260,000 to $335,000. Prices are just Windsor Hills; it promotes itself as the Florida rising every year, buy well and it
a little higher in West Kissimmee than closest gated community to Disney is hard to lose out. ¤
Kissimmee but there’s little in it.
You can get a townhome from
around $185,000 for a three-bedroom
townhouse, in a community such as
Encantada, a popular resort less than
10 minutes away from Disney’s west
gate. It is one of the most sought-after
townhouse resorts and will return both
short and long-term investment results.
TIP- Private pools were an option on
the later phases of Encantada and may

Buying Guide
Florida
Haines City
f Disney isn’t in your main festival when thousands flock to the Tuscan style homes. You can get a
I priority, then Haines City is park for food, beer and live music. four-bedroom lakefront property for
worth a look. Located in Polk There are plenty of lakes within easy $385,000. It is only a mile from the
County, south of the popular areas of reach, and you can stay in a lakeside Southern Dunes gold course.
Davenport and Championsgate, it is an cabin, rent a boat to go fishing at Oak The average price of a property
area that is evolving and, in turn, can Harbor, or the steep ski-slope like listed for sale in Haines City is
be more affordable. ridges of Catfish Creek. $269,900 – in 2021 - although you can
It was historically a big citrus area, Why buy a home there? It tends to get a condo from $85,000. Annual
and the orange groves – as well as be more affordable than the ‘Disney’ equity rises in the Haines City will be
peach orchards - are still very much catchment areas of Davenport and and have been historically lower that
part of the attraction – take a drive Kissimmee because it is just that little the more popular rental areas north
down the Ridge Scenic Highway and bit extra of a journey – 45 minutes of it.
you will see historic communities and from many parts of the area, although So, for examples of what you might
the truly rural heritage of Central 25 minutes from others - although do wish to buy, you can get a two-
Florida. bear in mind that if you are buying bedroom property in Southern Dunes
It has also got a very popular golf with holiday rentals in mind, 20 for around $149,900, or a three-bed
course at the Southern Dunes Golf and minutes is the furthest distance that example for as little as $245,000 so
Country Club – consistently rated as many people wish to be – according to your money does go a long way there.
one of Orlando’s finest golf courses, it lettings company experts. TIP- Be aware that property taxes are
offers a dramatic hillside course with For this reason, some buyers higher for homes within the Haines
100 feet of elevation change. discount it as being too off the beaten City boundaries as a city tax is added
Why else go there? It’s great for track, but it is very popular with to the Polk County tax.
hiking – check out the Allen David locals and it has been evolving fast Within Balmoral Estates – a rental
Broussard Catfish Creek Preserve in recent years. It has gained a vast community with beautiful pool areas
State Park for one of Florida’s most Walmart Supercentre as well as cinema and cabanas, waterpark and club house
challenging trails – and there are also complexes. - you can get a two-bedroom, two-bath
RV parks, Lake Eva Park with huge Communities worth a look are property for $185,000.
playgrounds perfect for children, with Balmoral at Waters Edge, only 20 Or at another community, Calabay
an Ironman Florida route beginning minutes from Legoland. It is built Park at Tower Lake, you can get a six-
there too – for Mum and Dad. In around a series of manmade navigable bedroom, four-bath home with a pool
February, there is a large barbecue lakes and themed garden areas with for $360,000. ¤

Buying Guide
Florida
Clermont
lthough Clermont is one of it an attractive location for families, In this way, it perhaps especially
A the fastest growing cities in with a variety of shopping and dining suits those relocating rather than those
Florida and well located west options along with waterfront activities, seeking a holiday home with almost
of Disney World, there is a good chance performing arts, theatre, golf, a winery guaranteed holiday rental income.
that you won’t be as familiar with (at Lakeridge) and Lake Louise State However, there are short-term rental
the name as you might be with both park, one of central Florida’s best-kept communities to choose from – most
Davenport and Kissimmee. This could secrets. built between 2002 and 2006 - such as
be especially if you are focused on the The quality of life in and around Orange Tree, a five-acre development
Disney rentals market sector. Clermont makes it a prime destination of manicured grounds, including a
Yet maybe you should take a closer for those looking to settle in central children’s playground, tennis court,
look at Clermont, in Lake County, an Florida, offering housing options for soccer field, and a basketball court.
area that local agents say is getting a every income level from gated golf Surrounded by working orange
little more fashionable - not often a course communities, larger estate groves, it is a very peaceful location,
word you hear associated with Central homes, to small and mid-sized single- despite being within easy reach of all the
Orlando, as popular as it is - as people family units. amenities and attractions, and suits both
are beginning to understand what The City of Orlando is full-time residents and holiday home
Clermont offers. It is also in the so- approximately 25 minutes east, but in owners. You can get a five-bedroom
called “Disney Corridor” being around Downtown Clermont - the core area property there for $285,000 to $340,000
a 20-minute drive from Disney World, of Clermont is located between State – Excellent rental potential here due to
depending on where you are located. Road 50 and the south shore of Lake the wide lots of 75 feet wide and well-
Many elite athletes that live and/ Minneola - there is a variety of retail designed floorplans. HOA is lower here.
or train there, giving way to the city’s outlets, restaurants and businesses, as Clear Creek, Silver Creek,
marketing slogan that Clermont is the well as the Historic Village of quaint Glenbrook, Mission Park and High
“Choice of Champions”. houses and lots of local history being Grove are all developments that offer
Why do they like it? There’s a 10- quite large it covers many blocks and short-term lets - there are a dozen more.
mile clay loop - that started as a clay downhill leads to the edge of the huge At Silver Creek, for example, you can
road between citrus groves - where lake with walking promenades around get a three-bedroom villa for $270,000.
Olympians and indeed the local its edges. The Clermont chain of Lakes Golfers might like the Green Valley
residents enjoy traffic-free runs and reaches 90 miles north to Ocala. Country Club, where you can get a
scenic views of lakes and rolling hills. But where do British people like to four-bedroom pool home on half an
When combined with the warm climate buy homes? One property hunter says acre for $335,000. This community is
make it an ideal location to train for that if you don’t mind being a tiny bit residential only,
triathlons, track-and-field events, water further from Disney than some other High Grove is situated at the end of
sports and more. areas then it is great for active pursuits, HWY 192 and HWY 27. Here you can
But why else go there? Health, having the lakes around you and there walk to shops, an Irish bar, fast food,
wellness, and fitness aside, it has all are some properties on bigger plots restaurants, Walmart, Library, Hospital,
the other amenities and that make available. Lowes and more. One of the only
gated short term rental communities
in Clermont. Mediterranean style
home with each one being white with
terracotta barrel tile roofs. Three-
bedroom to six-bedroom all detached
homes with prices from $230-300,000.
TIP: If you are looking for a residential
home in Clermont the search for
Clermont using the zip codes 34711 and
34714. If it is a rental home for you,
then all the short-term rental homes are
within the zip code 34714. ¤

Buying Guide
Florida
Reunion
he Reunion resort is a prime bedroom units at around $350,000. it ticks a lot of important options for
T location for buyers and Buyers here tend to choose by buyers. If they are shopping for the
visitors to central Florida property type according to their budget larger homes than the West side is
market. Located six miles (or a rather than neighbourhood as the price particularly popular especially around
15-minute drive) from Disney World it range of homes has a huge split. Legends Corner, Masters Landing and
ticks most boxes, and it is a beautifully It is more of a case of Reunion East Fairway Ridge.
planned five-star resort with 11 or Reunion West. The Westside has Prices in Reunion cover the whole
different neighbourhoods that include the newer bigger homes on the Jack gambit. Heritage Green Community
luxury condos, townhouses, villas and Nicklaus golf course – the East have condos are probably the lowest price at
also custom-built detached homes. the Arnold Palmer and Tom Watson about $150,000 – 230,000, but there
Interstate 4 (the I-4 road) runs courses and homes already built – are also condos at The Terraces, a
through the middle of it, providing easy including the condos and townhouses. community with large lap pool, two
access north to Disney and the HWY Golf courses also offer rear privacy cabanas, whirlpool spa, fitness centers
192, or south to Polk City. and many south-orientated homes so and restaurants. ¤
There are also three championship
golf courses designed by Jack Nicklaus,
Arnold Palmer and Tom Watson, plus
two driving ranges and the Annika
Sorenstam Golf Academy. Plus 11
pools, spas, restaurants, and a multi-
million-dollar water park with lazy
river. Shopping outlets are nearby.
So how to choose where or what to
buy there? The investment options are
legion and span $200k to $4 million.
For example, the Reunion Grande
Hotel sits at the heart of the resort and
is a popular central hub for dining for
guests and owners – there is a sushi bar,
rooftop pool at the top of the 11-story
building. Its proximity to the highways
and central location provide easy access
to the area attractions.
Opposite Reunion Grande is Seven
Eagles, a development of villas with
stunning views of the Arnold Palmer
golf course. The Seven Eagles Pavilion
features a large salt-water pool, bar
and fitness center. A three-bedroom,
three-bathroom condo costs just under
$300,000.
Then there is The Liberty Bluff, a
community in the far east of the resort
with great golf views of the Arnold
Palmer golf course that winds its way
through the community. There is an
array of courtyard-style homes that
are privately fenced as well as outdoor
spas and summer kitchens, with three-

Buying Guide
Florida
Sarasota
e have the Scots to thank for easy access to bars, restaurants and residents and short-term rentals are
W the Gulf town of Sarasota, beaches and sea breezes, which are deemed here as a 30-day minimum.
50 miles south of Tampa. important during the hottest months. Each community will have an HOA and
Scottish families set sail in the mid- A clever solution for those who can’t the HOA governance documents are
1800s to this once sleepy fishing village afford waterside property is to buy an available for you to see either through
in search of fresh air, citrus groves inexpensive inland home that can be the HOA or your designated Realtor.
and affordable housing. Scottish rented to a local year-round. The profit These documents will tell you how
lawyer John Hamilton Gillespie can pay for a beachside place for your long and how often you may rent your
built America’s first golf course and annual holiday. home and each community have their
the DeSoto Hotel here, as well as An interesting community is the own differences. Some may be 30-day
becoming Sarasota’s first mayor. vibrant downtown sector, where you minimum but only three times a year,
Today, Britons still head out to can pick up a good condominium from others may have one year of ownership
art-meets nature Sarasota County, $250,000. Lakewood Ranch which is in before you are allowed to rent for
(population 448,568) with the US Manatee County not Sarasota County, one six-month period per year. The
number one beach in 2020, Siesta a good live-work-play community of county can fine you for each day of the
Key, as rated by ‘Dr Beach’ coastal 7,000 homes, where a new, three- minimum thirty days it had not been
scientist Stephen Leatherman, and bedroom home on a lake with den, pool rented for. TIP- However you have been
cultural pursuits aplenty (opera, ballet, and some upgrades costs $350,000. informed that a home can be rented,
theatres and a symphony orchestra for Beware of up-grades, however, as those check the HOA documents for yourself.
starters) not normally associated with pretty tiles can push the price higher. Yes, there are still seven-day/ 52
the Sunshine State with the exception A good location close to Siesta Key is times a year rental homes available in
of Orlando. Village Walk, part of Palmer Ranch, Sarasota. They tend to be at the beach
Emigrants will also be pleased to with two pools, basketball and tennis area particularly on Siesta Key where
hear that Pine View is in the top 10 courts, and gas station inside the gates. the weekly period was grandfathered
of American high schools. There is A three-bedroom townhouse is around in many years ago on this Island. The
something for everyone in Sarasota, $185,000 and a villa with ‘shared downside is that by virtue of these weekly
from private and dozens of ‘pay as you wall’ (semi-detached) ranges between rental homes near the beach is that
play’ public golf courses, to beaches, $350,000 and $400,000. the property prices are so much higher
walking trails and lectures from the Sarasota county is very stringent but the upside is they have very high
likes of Tony Blair, Bill Clinton and on its rental zoning on behalf of all its occupancy with high nightly rates. ¤
Maya Angelou. Equally, there is
housing to suit most wallets. Although
prices dropped by 40-50 per cent in
the recession, the market is well on
the way back. A decent one-bedroom
condominium starts from $130,000.
A new, three bedroom ‘single family’
(detached) home is about $165,000 with
another $30,000+ on top for a pool.
Knowing where to buy is crucial,
especially for foreigners who don’t know
the area. If you are a swimmer or ‘beach
walker’, you will be happiest near the
water on a Key, such as Longboat,
where homes are from $800,000 up to
$25 million, but you won’t necessarily
get as much space as you would away
from the water. And yet, you have

Buying Guide
Florida
Starting Your Property Search
Types of property Finding a property bad thing? No, not if you are aware of
Houses in Florida are generous in size, When hunting for a home in Florida, how the builders treat their upgrades
usually one or two-storeys, and they keep in mind that guaranteed rentals from the basic home. TIP- When going
come in a number of styles ranging might not be what they seem and into a new-build community and before
from Colonial, Traditional, Californian, should be avoided. The guaranteed viewing the over the top model homes,
Modern, Contemporary, Tuscan to rentals that were prevalent in the early ask the sellers agent for a list of what and
Spanish mission. If you are buying a 2000’s mainly collapsed as a folly. And what isn’t included in the model homes.
detached house, you normally get a pool don’t forget you are probably paying By law, they must disclose by written
or can have one added if it has the room more for the property in the first notice in each model home exactly what
– and the good news is with such high place (this is how the developer covers the extras are and their prices, ask for it if
temperatures and so much sunshine solar generous guaranteed rentals payouts). you can’t see it displayed.
pool heating is a great way to keep the With all the many styles and sizes
pool warm all year round. of properties there are still only two Estate agents
Other typical features in a Floridian categories of purchase, a new build or Unlike Europe, a buyer works with
home include air-conditioning, a re-sale in the whole of Florida. New only one estate agent, or ‘Realtor’.
galleried, open living areas, and large homes with their road-side signs saying The Realtor’s job is to provide you
walk-in wardrobes called closets. Many “From the Low $300’s” is just the base with full information and guidance
homes are in gated communities, which price for the smallest basic home they on all properties for sale gleaned from
is useful in keeping excess vehicles of are offering. On top of that price if the Multiple Listing Service (MLS). In
your streets. Condominiums, essentially you wish you add the lot premium, the America, every single Realtor has access
apartments clustered in one or more external extras, the internal extras, extra to all information on every single home
buildings - are popular in Florida. bathroom, added bonus room above the on the market, and they don’t just sell
High-rise living, sometimes in Art Deco garage and then you have the furniture homes they have listed themselves. You
buildings, is more the norm in Miami. to include too. do not pay your Broker for his services
There are some older homes, but new You could end up paying another – the buyer Broker is paid by sharing
build architecture is the choice for most up to 25 per cent for goodies that are the commission from the seller that was
homebuyers. not included in the basic price. Is this a arranged with his listing Broker. ¤

Buying Guide
Florida
Transferring your money abroad
Why is currency 2) Lower fees

exchange important? A currency specialist will also usually A Place in the Sun Currency
can save you money*
Currency exchange is something that charge less for the physical transfer of
buyers often leave until the last minute funds, than your bank. Payments sent Property Price €150,000 Exchange Cost to
Rate you £
when purchasing an overseas property, through a bank will typically attract a A Place in the Sun Currency 1.1605 £129,255
when in fact it should be considered charge of anything up to £40, while
much earlier. Buying abroad will almost a currency specialist will perform the Save between £1,521 and £4,435
against these high-street banks
always involve a transfer of money same transfer – usually more efficiently Barclays 1.1470 £130,776
between currencies, meaning that if you – for a small fee or no charge at all. NatWest 1.1331 £132,380
skip your research and/or arrange a At A Place in the Sun Currency, Metro 1.1279 £132,991
transfer through a high street bank, you the charge is £5 per transfer, waived Halifax 1.1220 £133,690
could end you up paying over the odds for transactions over £30,000.
High street bank exchange rates obtained 21/05/21 and compared to
in fees and poor exchange rates. In addition, a currency broker can A Place in the Sun Currency live trading rate. Different rates may be
available to different customers. Savings may fluctuate and are not guaranteed.
Using a specialist currency company, usually ensure you do not encounter
such as A Place in the Sun Currency, excessive bank charges when your
will ensure you get the support and money is received in Florida. Using the
expertise you need, as well as a wrong type of transfer could result in WHICH CURRENCY TO PAY IN?
competitive exchange rate. higher charges being levied for receipt Properties in Florida are commonly listed for sale in
of your funds overseas. Dollars. This can be confusing when comparing prices,
What are the main and trying to make sure you don’t pay more than is
benefits of using a Is using a currency necessary for your property.
specialist currency specialist safe? Specialists such as A Place in the Sun Currency can
company? When buying a property abroad, the help you compare the costs, and can send payments on
1) Better exchange rates funds that are being used are nearly your behalf in Dollars. If you are paying in sterling, and
You could save up to 3.5% on a always your hard-earned money, your funds are already in sterling, you can of course
transaction, as specialist firms typically pension or even your whole life- send these directly from your UK bank to Florida
offer better rates of exchange than the savings. A Place in the Sun Currency without any foreign exchange or need to use a currency
high street banks. This is because, as well understands how important the safety broker. However, it can be cheaper for payment to be
as operating with much lower margins, and protection of your funds is, so here made in Dollars, so it’s worth finding out what your
they have access to the live currency are our key tips on what to check: options are by asking your vendor or solicitor for Dollar
markets, so you can benefit from their or Sterling prices too. You can then discuss the different
up-to-the-second access – which can help, • Make sure you choose a specialist prices with your currency company and make sure
for example if the rate picks up during the which is authorised by the Financial you’re paying in the most efficient way.
day. Banks tend to fix their rate of the day Conduct Authority (FCA) The US Dollar is a relatively safe currency, so the
each morning, and at a less competitive • Go with a specialist that uses effective sterling price of a property priced in Dollars
level, to cover their bigger overheads and safeguarded & segregated bank might change more day-by-day than one priced in
any market movements. 3.5% might not accounts. In short, this ensures that Pounds. To make sure you get the best deal, ask your
sound much, but when talking about a your money is looked after correctly currency specialist to keep you updated with changes in
£150,000 transfer for a property it’s a according to the Payment Services rates regularly when you are getting ready to make any
saving of up to £5,000, which could be Regulations, separately to the payments.
spent better elsewhere. business’ own funds – safeguarded
Give A Place in the Sun Currency funds are legally protected no matter
a call on 0800 622 6522 to check out what happens.
today’s rates, or discuss fixing a rate for • Find out how long the company
the future. has been around – what experience
do they have in helping overseas
property buyers? Check reviews
online, and most importantly, call
them for a chat and get an idea of
the people you will be dealing with.

Buying Guide
Florida
Transferring your money abroad (continued)
What types of contracts case rate in mind, you can use a ‘Stop RECEIVE a receipt for your payment
are available? Loss’ or ‘Limit Order’ to automatically and provide details for the beneficiary
Currency specialists understand that buy your currency at a specific rate if account – for instance your own bank
buyers all have different financial needs that rate becomes available. account abroad, third party solicitor or
and that’s why they offer a suite of For example, if your target or a notary who is handling your purchase.
services: budgeted exchange rate for your Your transfer will then be made
property purchase is not currently immediately (subject to bank cut-off
Spot contracts available eg it’s currently 1.15 Dollars to times and internal checks) and payment
A ‘Spot’ contract is the simplest type of the Pound and you plan to wait until it will typically arrive with the beneficiary
currency contract and involves agreeing reaches 1.2 Dollars, a Limit Order will the same day or next day.
a price that you are happy with before automatically buy for you should the
you transfer your selling currency market move in your favour to the rate OBTAIN an electronic proof of
(usually Pound Sterling) to the currency at which you want to buy. transfer to keep for your records, which
company’s client account, immediately You can set any rate you like, but of can be forwarded onto your property
after which your funds will be transferred course the higher you aim, the less likely agent, solicitor or notary. ¤
to your buying currency (eg Dollars) and the order is to “fill”.
to the account of your choice. Conversely, if you have a budgeted For more information about A Place in
Spot contracts are agreed by phone rate in mind which is below available the Sun Currency simply head over to
or email, and once you have given levels, or a worst-case rate, you can set aplaceinthesuncurrency.com or call
instruction to buy the currency at an a Stop Loss Order to automatically buy 0800 622 6522 within the UK or
agreed exchange rate, you will be asked for you should rates move against you. +44 20 8051 8555 from overseas to
to send the agreed selling currency This protects you from rates falling any speak to a member of our team.
equivalent within a couple of working further, which might otherwise make
days – the rate won’t change in that your property more expensive than you
time, as it have been secured at the time had planned for.
of your order.
How does the process
From a deposit on a house
Forward Contracts typically work? through to settling the balance,
A ‘Forward Contract’ is used to fix and This is how we do it at for regular monthly payments
thereby guarantee an exchange rate A Place in the Sun Currency or one-off items, A Place in
now, for a transfer in the future – in fact, REGISTER with your currency the Sun Currency ensures
up to two years ahead. specialist which is quick, easy and could your funds reach the right
Commonly used by buyers of overseas save you a small fortune. If you register destination, at the right time, at
property, a Forward Contract can be with A Place in the Sun Currency, a highly competitive rate.
secured with a deposit of 10% of the you’ll be assigned your own personal
A Place in the Sun Currency is a
selling currency (usually Pound Sterling) contact who’ll be on hand to provide service specifically designed for
followed by the balance of the remaining support and guidance throughout overseas payments to buy, and
90% on or before a specified date in the the process. maintain, an overseas property.
future. The buying currency (eg Dollars)
is then transferred by your currency PLACE your order and send your For more information go to
provider to the account(s) of your choice funds (usually Pound Sterling) through aplaceinthesuncurrency.com
or call 0800 622 6522 in the
(directly to your solicitor/notary or to to a UK client bank account. This can
UK or +44 20 8051 8555
your own currency account if you prefer) typically be done through your online
from overseas.
at the rate initially agreed – no surprises. and/or telephone banking service,
or by visiting your bank in person
Stop loss and limit orders to make a transfer. For security
If you are undecided when to fix your purposes, cash, cheques or direct MAKING YOUR MONEY GO FURTHER
exchange rate but have a best or worst- debits are not accepted.

Buying Guide
Florida
The Buying Process
This buying process is based You do not need a US bank account you plan to let out your new home (an
B on the assumption that you to buy a property in Florida but you do agent may have experience in rentals
have made the decision that need a US checking account (current but handling mainly American owner/
it is Florida where you want to own a account) to operate the home as you do occupiers and will not have this niche
property and is written with defining the in your primary residence. level of expertise you need). If by
legal buying process for Florida only. chance you come across an agent who
Other US States will be similar in law 1. First, find a state approved says he will work for you in buying
but their contact processing may have well qualified and licensed real a home and asks you sign a no cost
some differences. Preparation is now estate Broker or Realtor. retainer to bind you for six months, then
required to help you fully understand Realtor is a trademark of the National definitely don’t sign it!!
what is expected of you in the purchase Association of Realtors (NAR) and only
contact to closing and the knowledge of qualified members may use the word 2. Every country has good online
how to operate your Florida home in with the promise to act ethically after “portals” listing all or most of the
order to have no regrets. passing an ethics exam. It is typical properties in an area.
Same language but some same words in America as a whole that American The national Realtor site is www.realtor.
have different meanings such as survey, citizens will choose their Broker first com and all information on the site
now this does cause confusion, you before looking in earnest for a home. is accurate and in real time. Whereas
maybe asked if you would like a survey This is different to the UK process as private companies’ sites like Zillow
of you home? You will say yes and end in the Broker can see all homes and and Trulia are not in real time and
up with a one-page boundary map of there is not a solicitor involved in the their data sourcing can sometimes give
your property when you thought your purchase transaction, the Broker not incorrect information, there is no merit
home was having a good look over the Realtor is ultimately responsible for to you in finding a home on these sites
its condition by an expert! The UK the correct execution of the contract to to find out that it had already been
survey is known in Florida as a home purchase.
inspection. You want an agent who you know has
Hazard insurance is one word for with a good deal of knowledge of the
insuring your home that includes area you are buying in and being long
building insurance, contents insurance experienced in dealing with British
and public liability insurance. purchasers. For an investment home,
Typical cost is $1200 to $2000, home ask the Realtor if they are experienced
dependent. in the short-term rentals market if

Buying Guide
Florida
The Buying Process (cont...)
sold. Realtors use the Multiple Listing possibly close the sale in 30 to 60 days counter, accept or reject your offer. If
System (MLS), which is available to after listing. A residential home time accepted and signed off by the seller and
all realtors, listing all active property to sell varies by where it is located, an returned then it has become a legally
for sale on one large central database, urban area near schools, shops, doctors binding contract. The contract calls
by price, location and other criteria. and work places will sell to close around for a binding deposit which is not set in
You can ask the Realtor you decide is 60 to 100 days. A lovely home in the stone but the offer would have asked for
worthy to work with for a portal that middle of nowhere has a lesser pot of typically $1,000 to $5,000. If the seller
will send you regular updates using your buyers and could take an extra 60 days in his listing required $10,000 then that
criteria within a preferred map area. to exit. is what you would put in your offer.
Every criteria matching home for sale The effective date of the contract is
you will see and newly listed homes 4. Once you have found the the date the seller signed and the buyer
automatically come to you plus any with property you want, you with your received it. That effective date now
price changes. Broker/Realtor will make an offer governs the time scales for actions called
to purchase. The offer to purchase for by the contract and any changes
3. An exit strategy from your is the actual standard 12-14 page legal have to be buyer/seller agreed in the
Florida home is rarely thought contract that is approved by the Florida form of an addendum. First timescale is
of in the fervor of buying but Bar and the Florida Association of the buyer must place the initial binder
sensibly it should be considered Realtors. All terms will be included deposit in the escrow account of the
at purchase should you need within the contract and any required Title company within the stated days
to repatriate the cash back for addendums will be accompany, at this which are typically 3 to 5 days. Is this
reasons. point you will need your written proof
Good news is that with all your of funds or buying with a mortgage
preparation you will be buying a typical your previously prepared mortgage
good home that will resell with ease. A pre-qualification letter to be added
wooden hut on stilts in the middle of to the contract package to send to
a swamp and we may have a problem. the seller. The seller will be given just
Market dependent but good rental 48 hours to respond or you have the
homes by nature will resale quickly right to void the offer. The seller may

Buying Guide
Florida
The Buying Process (cont...)
an important task? Yes, it is because if 6. Who in Florida will ensure the 7. Upon closing the transfer of
you fail to deposit and let’s say the seller home will close correctly for you ownership is registered with the
had an higher offer he can cancel the in your name? The Broker will send local authority after completion.
contract and take the higher offer if the the contract to a Federally regulated You will be issued with a Special
deposit is late! Florida Title company of the seller’s Warranty Deed by the seller from Title
choice. Title will obey the wording of to show ownership yet it may take up
5. The seller has to sell and he the contract from the Broker and what to a couple of months for you to receive
has no allowance for him to actions they need to take by certain it in the post. The sale will be seen on
come out of the contract unless dates. Title will work with the buyer the county website after the sale data is
the buyer fails to perform and and seller to coordinate closing. They inputted. Also after sale you will be in
in the unlikely event he totally will receive the deposit, work with the contact with the relevant Home Owners
refused to close then he can be seller’s mortgage company to remove Association if applicable as not all
sued for specific performance, its charge on the home, work with the properties have one. The cost of joining
so he will sell. The buyer in Florida HOA of the seller to establish no debt, and any other fees or HOA dues will
does have one or two contingencies check for municipal liens, contactors have been taken and paid for by the
in the contract the first being that the liens, county property tax liens, court Title company. You or your property
buyer has an inspection period of up records to ensure that the home has management company will now need
to 15 days to take a look at the home clear title and safe for you to close. to apply for certain county licences to
etc. Absolutely advisable that you have They will issue Title Insurance to you operate as a rental home if that is the
a Home Inspection done – at a cost of paid by the seller that protects your intention of your home e.g. sales tax
$200 to $470, home size dependent. title of the home should something Lic, occupational Lic. You will also
You will receive a likely 58-page report had of been missed at no cost to need an I.T.I.N IRS reference number
full of detailed information on the you. Preliminary and final closing if you are earning income, its an
home. The inspector will give you statements will be signed off as correct Individual Tax Identification Number
observations, recommendations and by the Broker, buyer and Lender if one not a social security number but similar
actual faults needing repair at some is being used for non-citizens. ¤
point or emergency must be done
now which would be typically for
water ingress.
The contract says “Buyer may at his
or her sole discretion terminate this
contract by giving written notice to the
seller before the end of the inspection
period”. You do not need to give the
seller any reason why you terminated
and your deposit, as the contract
dictates, will be fully returned to the
buyer. The second contingency is only
pertinent to buyers using a mortgage
to purchase and that is a Financing
contingency. The contract says that
the buyer will diligently work with the
Lender to reach a loan commitment
within a specified time from the effective
date. Typically, that period is 30 to 60
days. If you have not reached your
commitment by that date then you can
terminate the contract and receive your
deposit back in full.

Buying Guide
Florida
Viewing Trips Explained
onsider going on a viewing to offer and benefit from their local

C trip offered by an agent or knowledge. Don’t feel pressurized into
developer but make sure buying anything there and then – you
you know what to expect and that need time to reflect away from the sun
you understand what’s involved. and snails!
If your trip is being organised and On any type of viewing trip it is
possibly subsidized by an agent it’s not handy to take records of each property
unreasonable to expect them only to so you can look back and compare with
show you properties on their books. all the information (and pictures) you
If you prefer to do your own thing need. It can be useful to use a wish list
and see a wider range of properties of tick boxes, to rate properties 1-10, or
then arrange your own trip and book in list their pros and cons, after seeing each
for a half day with agents representing one, so you don’t confuse them. Make
properties you have found on property a note of things you want to follow-up
websites and see what else they have with the agent on each.¤
Download your free
“Guide to Viewing Trips’
from aplaceinthesun.com

Buying Guide
Florida
5 Things Every Florida Property Buyer Should Ask
lorida is one of our top five locations to buy an overseas property and we get many
F questions about buying in the Sunshine State. Here are five of the most frequently
asked things at our A Place in the Sun Live exhibition at London’s Olympia.
1) How do I stay for more than 90 days allowed

by the visa waiver?
That’s easy. Once you own a holiday home in Florida, simply apply at the US Embassy in
London for the B1/B2 visa. This will allow you to come and go at will but do count the days
you have your feet on American soil. Staying for more than 182 days in any calendar year
will mean you become “resident for tax purposes”, and you will have to file a US tax return
on your worldwide income – something most people choose not to do!
2) Who will look after my home when I’m not there?

It’s no surprise that professional ‘Home Watch’ services abound in a state where many
homes are left unoccupied for long periods of time. For a set fee per month or per visit,
these companies will send a representative to visit your empty home periodically, to make
sure all is well – air conditioning working, no plumbing leaks for instance. We know of this
service being offered for as little as $20 per visit, but always make sure you are dealing with a
bonafide company and not just a nosey neighbour making a few extra dollars on the side.
3) How easy is it to insure a property that’s empty for six months?

Florida is a state where many people own a second home. Most insurance companies who
operate in Florida are familiar with the market and will have the policy to cover property
that is unoccupied for periods of time. Some of them may reduce premiums if the property
benefits from a Home Watch service.
4) Should I buy a car or hire one every time I visit?

If you don’t mind driving a small car, at the discretion of the car hire company, then a rental
you pick up at the airport on our arrival may work out cheaper. If you are particular about
the kind of car you drive, have a garage, and a car to transport bikes, kayaks and golf clubs,
you may want to buy a car. Some auto insurance companies offer discounts if the car is used
for only part of the year.
If you chose to own a car, remember to keep the battery on charge while you are gone.
What’s the best way to get from the airport to your home if your car is there? We suggest
picking up a rental car at the airport and returning it the next day. This assumes you have
two drivers of course – one to drive your personal car, and one to drive the rental car to the
drop off point. This works even if you fly into an airport some distance from your home – hire
companies don’t usually charge mileage, but they may charge a one-way drop off fee when
returning the car to a different location. This is usually much cheaper than a taxi.
5) What if I need medical help when I’m there?

High-quality medical care is readily available, but what about the costs? The cheapest way to
obtain medical insurance for longer trips is through your travel insurance company. Most of
them will extend cover, but this will involve a conversation, rather than simply ordering the
cover online. ¤

Buying Guide
France
Essential Tax Checklist for Buying a Property in Florida
Whether you have spent

W months researching
purchasing a property in the
Florida sunshine or made a last-minute
decision based on the desire to have a
bolt hole away from the cold, gloomy
UK weather – planning is key. The
array of taxes and compliance issues can
appear somewhat daunting; education
and working with industry professionals
is key to successful and stress-free US
property ownership. So here are some
pointers.
1. Where to buy?
Decide whether you want to be on
the beach or in the heart of Orlando’s
theme parks area. Coastal area
properties tend to be pricier but offer a
different type of vacation away from the be complex where non-residents Property or Real Estate Tax
hustle and bustle of the parks and stores. are involved. There are advantages (more recognizable in the UK as
and disadvantages of each approach council tax) is payable annually. The
2. How to buy - cash with no “one size fits all” solution. Property Appraiser’s Office establishes
or mortgage; bank or Options available include to buy in an the assessed value of a property and
mortgage professional? individual’s name, as a Limited Liability prepares the tax roll. Tax notices are
What differentiates an independent Company, a Corporation or a Foreign served to the owner’s last record of
mortgage professional from a bank in Corporation – consult your tax advisor address or, where the property owner
the US? A licensed mortgage expert for the implications of each. pays through an escrow account and
consistently undergoes continuous their mortgage company has requested
training. They specialize in mortgages 4. What are the local, to be sent the tax bill, the owner will
only and partner with several lenders to state and federal tax receive a copy of the notice. Tax
offer multiple loan products, allowing and filing compliance statements are normally mailed out on
you to choose the best option. requirements? or before November 1st each year.
In addition, they often offer lower rates Income Tax - All property owners
and cheaper costs due to having less residing outside of the US who receive Sales & Use Tax and Tourist
overheads. They can adapt to industry income from their rental homes, where Development Tax - If you rent your
changes quickly. In contrast, banks IRS withholding has not been applied, property for periods of less than six
are not required to be licensed and must file a US Income Tax Return. The months you are required to collect
are not held to the same standards US tax year runs January to December and pay Sales & Use Tax and Tourist
and regulations as brokers in terms of and returns are due by June 15th Development Tax on rental income
testing and ongoing training. They are annually. received. Your management company
generally only able to offer limited loan or booking agent may collect and report
products that they have in-house which Tangible Personal Property Tax is all Sales and Use Tax and Tourist
may not be the best fit for your needs. assessed against the furniture, fixtures Development Tax on the rentals that
and equipment located in businesses they handle. However, if you receive
3. How to hold the and rental property. Tax returns rental income in your home country
property reporting the value of these assets must you must collect and report Sales &
The determination of how to structure be filed to the Property Appraisers’ Use Tax and Tourist Development
the ownership of US real estate can office by April 1st. Tax on this income either through your

Buying Guide
Florida
Essential Tax Checklist for

Buying a Property in Florida (continued...)
management company or direct with sale price less the purchase price and all investors selling their real estate in the
the relevant authorities. Sales and Use related costs incurred in the purchase USA and taking the money out of the
Tax is county dependent and 5-7 per and sale of the property. Capital gains USA upon sale without meeting any tax
cent; Tourist tax is generally 7 per cent, tax is 30 per cent of the gain if property liability first.
so between the two taxes a $1000 week is sold within the first year and 15 per The withheld amount is required to be
rental is netting $880. cent of the gain after year one. The forwarded to the IRS within 20 days of
selling costs and any other related costs the date of closing. These funds are held
Local Business Tax is required are deductible for the gain. For a rental until the IRS is satisfied that all taxes
by homeowners who rent their US home, any previous annual filing loses due by the non-resident are paid. With
property. Renewed annually to the Tax can be brought forward towards the the use of your US accountant, speedily
Collectors Office (where the property gain deductibles. applied, you can apply for a certificate of
is located) and must be displayed in the the liability being met, which stops the 15
property. Annual renewal cost is $225. FIRPTA (Foreign Investment % going to the IRS where it could take
Local tax paying licenses vary from $30 in Real Property Tax Act) up to a year to retrieve through annual
to $120 p.a. Withholding Tax – US Tax law tax filing. Usually after 6 to 8 weeks and
requires that a non-resident alien who the production of the met liability from
Capital Gains Tax (CGT) is payable sells an interest in US real property is the IRS it will be transferred directly
on the net gain from the sale of a subject to withholding, for tax purposes, back to you. If the IRS certificate comes
property owned for more than one year. of 15 per cent of the gross sales price. back before closing then the 15%
The gain is calculated by taking the It was introduced to stop any foreign will not be held. ¤

Buying Guide
Florida
Education
n 2019, there were around Then senior schools are divided into $21,458, according to the Independent
I 400,000 Britons living in middle school (Grades 6-8) and then School Council.
Florida, including many high schools (Grades 9 to 12). Unlike Many international schools will
families. The good news is that Florida the UK system, pupils do not specialise also offer the IB, with a Diploma
is ranked third best in the USA for the early on by taking ‘options’ but Programme preparing for university
standard of its education, only bettered experience a more generalist approach entrance, recognised globally, between
by New Jersey and Massachusetts, until university level. Most American age 16 and 19 years. Amongst the best
which clearly don’t offer the same sun- schools do not require uniforms but so rated are North Broward Prep School
drenched beaches! have the right to introduce them and (north of Miami) and Windermere Prep
But if you know a little about about they have been gaining popularity (Polk School (Orange County).
the education system in one American County was an early adopter). Florida is divided into school districts,
state, don’t assume it works the same Private schools also co-exist, and some of them are ranked better
way in the Sunshine State. States and some offer the International than others in terms of calibre of the
across the USA don’t follow a national Baccalaureate (IB) programme, which educational establishments within
curriculum and the education system is more compatible with transfer to a them. Seminole County Public Schools
can vary hugely, and differences to the European school if needed for expats (SCPS) is generally regarded as the best
UK education system are wider still, who move around. There are 135 in central Florida. Orange County
with three options for schooling: public, private schools in Orlando alone, with (202 schools alone) is ranked second,
private or international schools. 65 per cent religiously affiliated. The followed by Volusia, Lake County and
Public schools include elementary good news is that the average private Osceola. It is imperative you do your
schools - the equivalent of UK primary school cost in Florida is $9,157 per year research and visit schools if you are
schools - from age 5 to 11 (Grade 5). (2021), less than half the UK average: looking to move. ¤

Buying Guide
Florida
Healthcare
t won’t be news to most people that there is no

I National Health Service in the the USA. If you
are moving to the US, it makes sense to try and
understand how it works as it couldn’t be more different to the
UK’s system.
The industry is completely privatised, with a network of
hospitals and surgeries across the nation run by independent
companies.
Medicaid and Medicare are two state-funded plans put
in place by President Lyndon B Johnson. The latter is for
people aged 65 or over, regardless of income, and if you’ve
been paying Medicare taxes whilst earning, you will qualify
for it. For most people, Medicare support provides a huge
reduction in insurance premiums, but still requires a small
payment each month. Also, early retirees might not qualify.
Some Americans are lucky enough to have their healthcare
paid for by their employer, but for everyone else, including
expats, you will need to foot the bill yourself. Hospitals do
not turn away patients who are the uninsured but an invoice
is sent to them upon completion of treatment, and sadly
bankruptcy can result for those
without insurance.
But Obamacare, passed in 2010, has improved American
access to healthcare by policing how insurers treat patients
and now - by forcing all Americans to get medical cover – it
has lowered insurance premiums across the country. It is
estimated to have put another 24m Americans on health
insurance policies.
Expats in America must take out private healthcare
insurance because you generally have to wait five years after
receiving official immigration status before you can access
Medicaid - or 10 years’ working for Medicare.
If you have a holiday home there you should at least have
travel insurance, but actually, purchasing travel insurance is
not mandatory for entering the United States as a tourist on a
B1/B2 visa - unlike the Schengen area countries, where it is s
required to get a Schengen visa.
The annual cost of health insurance for the average
American is $3,529 per year, according to Bureau of Labor
Statistics (2019), but it is not the same for expats, though
this widely varies according to age, health, where you’re
going in America, and how depth of medical cover. A
young adult might only pay $180-$200 per month for basic
health insurance, but according to the insurance provider,
ehealthinsurance.com, Florida residents pay an average of
$467 per person per month for a major medical individual
health insurance plan.¤

Buying Guide
Florida
VISAS
ost people can visit the USA visa. Normally, your employer will go You will have to prove, beside a
M for up to 90 days without a through the process of getting the right 5-year business plan, that you have
visa under a Visa Waiver visa for you. The E visas where you can cash funds to buy or create a US
Program such an ESTA. For longer live and run your own business there business that will support you and your
stays or split residence, a B-2 visa is have no limit to how may E visas can be dependents. You cannot buy a business
still a tourist visa, but it allows you stay applied for annually, unlike the H visa with an E2 visa using financing on the
in America for up to 180 days. A B1 which has a pre-determined number of purchase price. Tip- A typical family
(for business reasons) and the B2 are allocations per year, it maybe 60,000 of four relocating to say Florida with
the same application form. You apply one year and the following year could an E2 will spend between $160,000
direct on-line with the US Embassy be 140,000. to $350,000 on a purchasing a going
using a DS-160 form in your country The E2 “Non Immigrant Investor concern. The E2 is issued for an initial
of residence, pay a nominal fee, upload Visa” is a visa that will allow you to period of up to 5 years and then can be
required information and wait for an operate a business in Florida. Assuming renewed every 5 years without any limit
appointment for interview at the US you meet the criteria for this process, this on renewals. ¤
Embassy or US consulate. This would is the most commonly used visa and is
suit a retiree, who wants to spend for buying a going concern business or
half his time in the UK and half in setting up a new business. It’s a big step
Florida. You can spend more time if to take in moving you and your family
you break up your visits, but you must to the USA and is it worth it? Just listen
not abuse the system or your visa could to the resounding yes’s from families
be revoked. TIP- the issued B2 lasts who have done it when asked. TIP-
for 10 years and firmly placed in your Please do use the services of a licenced
passport, if your passport is close to Immigration attorney who is a member
expiry then think about renewing early of the USA Immigration Bar to create
for the B2 visa. your E2 application, there is a great
If you are working in Florida, you deal of documentation to be gathered,
can apply for an L1A, L1B or H1, H2 collated, completed and submitted.

Buying Guide
Florida
Shipping your belongings to Florida
ransporting belongings, from you contact companies at least 3-6 In both instances you will be given an
T large pieces of furniture to months in advance. However companies inventory of what has been packed.
delicate sentimental items, can can assist with that last minute move. Once the container arrives and is
be a stressful business. The information We would recommend a free home customs cleared, you will be contacted
below talks you through the process of visit or free video survey. by a dedicated agent who will notify
shipping items from the UK to Florida. Gather a number of quotes from you of the inspection fee and arrange
international removal companies and delivery to your new home
Is it easy to ship my then decide on what service is best for
household belongings you. Companies will often offer you one Do I need any special
to Florida? of two options; Full export packing that paperwork for the move
It is easy to ship your personal can be completed by their staff or you to Florida?
belongings to Florida but you need can choose to pack your goods yourself. Yes, there are a few documents that
to make sure that you pick a fully Both options will see the use of expert would be required prior to your
accredited international removals packing materials. You will usually be consignment being collected:
company. given a dedicated account manager who • Copy of Passport and visa if
A removals company should have the can help every step of the way. applicable
following accreditations: All estimates to Florida include • US Customs forms 3299
• FAIM Accreditation, which is the customs clearance and delivery to your • Inventory (completed by packing
only independent Quality Assurance new home. team)
standard for the International • Purchase receipts (only applicable
Moving Industry What happens to my if you are importing any newly
• Membership of the FIDI Global belongings once they’ve purchased goods)
Alliance, which sets a quality been packed up?
benchmark for its members This will be dependent upon your How long does it take for
• Membership of the British kind of service you require. If you are my goods to be shipped
Association of Removers Group looking at a shared or part load service to Florida?
– BAR APG Scheme Trust the then your effects will be brought back The transit time between removals
Advance payment guarantee scheme to the depot and loaded on the next in the UK to the arrival of your
for your financial protection available container. For a dedicated consignment:
container service, your effects will be • For a part load/shared container,
How do I go about loaded into your container at your please allow 6-10 weeks to arrival
arranging shipping? residence and once loaded the container port
The most import aspect of planning would be taken to the port and loaded • For a dedicated container, please
your international removal is to ensure on the next available vessel. allow 4-6 weeks to arrival port
Delivery will be arranged in advance.

Depending on the type of shipment
and ease of access to your new property
your belongings will be arrive in
a dedicated vehicle. Once your delivery
reaches its destination the unloading
crew will help unpack your goods and
place them in the correct rooms.
This shipping guide was produced in

partnership with PSS Removals
Tel: 0800 988 3711
Email: sales@pssremovals.com
www.pssremovals.com

Buying Guide
Florida
Buying Guide to Florida
APITS Limited
Hollybush House, New Road, Croxley Green, Rickmansworth, Herdfordshire, WD3 3EJ
T +44 (0) 20 3207 2920
08.2022

A Place in The Sun Buying Guide Florida 2022

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Buying Guide

MAKING YOUR MONEY GO FURTHER

From a deposit on a house, through to settling the balance; for regular

Efficient, transparent, friendly service

Register today to open your account, call our team of experts to

or visit www.aplaceinthesuncurrency.com to find out more

6 17 Transferring your money abroad

13 24 Essential tax checklist for buying

With thanks to Homes of America Realty Group

WHERE TO BUY AND WHAT

HOMES OF AMERICA REALTY

COVERING ORLANDO AND DISNEY AREA

Office: 001 863 420 7775 AN

Better As seen on ORLANDO Mortgages

and it’s the international hub of shore

WHERE TO BUY AND WHAT

Popular Regions of Florida

ontrary to popular opinion, Mickey Mouse’s backyard, there are

WHERE TO BUY AND WHAT

The Property Market

WHERE TO BUY AND WHAT

The Property Market (continued)

WHERE TO BUY AND WHAT

WHERE TO BUY AND WHAT

WHERE TO BUY AND WHAT

WHERE TO BUY AND WHAT

WHERE TO BUY AND WHAT

WHERE TO BUY AND WHAT

WHERE TO BUY AND WHAT

WHERE TO BUY AND WHAT

WHERE TO BUY AND WHAT

WHERE TO BUY AND WHAT

Starting Your Property Search

WHERE TO BUY AND WHAT

Transferring your money abroad

Why is currency 2) Lower fees

WHERE TO BUY AND WHAT

Transferring your money abroad (continued)

WHERE TO BUY AND WHAT

The Buying Process

WHERE TO BUY AND WHAT

The Buying Process (cont...)

WHERE TO BUY AND WHAT

The Buying Process (cont...)

WHERE TO BUY AND WHAT

Viewing Trips Explained

onsider going on a viewing to offer and benefit from their local

WHERE TO BUY AND WHAT

5 Things Every Florida Property Buyer Should Ask

1) How do I stay for more than 90 days allowed

2) Who will look after my home when I’m not there?

3) How easy is it to insure a property that’s empty for six months?

4) Should I buy a car or hire one every time I visit?

5) What if I need medical help when I’m there?

WHERE TO BUY AND WHAT

Essential Tax Checklist for Buying a Property in Florida

Whether you have spent

WHERE TO BUY AND WHAT

Essential Tax Checklist for

WHERE TO BUY AND WHAT

WHERE TO BUY AND WHAT

t won’t be news to most people that there is no