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Do you want to make a safe investment? We have gathered in this article the main factors that make the Florida market one of the safest for global investors. When considering elements such as receptivity to foreign capital, market efficiency, transparency in the purchase process and others, it is evident why the United States, especially Florida, remains a solid choice for those seeking growth and stability in their investments.
Understand in this article the main reasons that make the state of Florida a market with a safe and profitable perspective for those who seek to buy a property abroad.
1 – Receptive environment to foreign capital
No other global destination is as receptive to foreign capital as Florida. Even the American domestic investor is directing his capital to the “Sunshine Estate”, where he finds one of the most “business friendly” environments in the world.
The receptivity to foreign capital is so great that, to buy a property in Florida, it is enough to have a valid passport. The transfer of values is also a little bureaucratic and fast procedure. Opening a bank account in the USA is simple and can be done from foreign countries, remotely (there is no need to be physically present in the USA).
By the way, everything can be done at a distance. In no phase of the property purchase process is the physical presence of the foreigner required. We will address in more detail the remote purchase and sale of a property in Florida in topic 6 of this article. Keep reading!
2 – Escrow Account is a weight factor for safe investment in Florida
Did you know that, in Florida, the amounts paid by the buyer do not go directly into the hands of the seller? Everything is deposited in a temporary account, a kind of guarantee account, whose technical name is Escrow Account.
The Escrow Account, in the operation of buying and selling the property, is a different type of bank account, created for the purpose of giving the process an extra layer of security.
The holder of the Escrow Account is the Notary Office that will transfer the deed. In Florida this registry office is called Title Company.
Only after all the analysis of the documents of the property and the parties, contracting insurance, among other procedures that make the purchase a safe investment, are then released by the Notary’s Office to the seller, at the time of the transfer of the deed.
This procedure brings a strong layer of security in the purchase process, bringing peace of mind to the parties involved.
3 – Financing facility for foreigners
Foreigners are allowed to finance the purchase of a property through Florida banks. The great advantage is the low American interest rates, one of the lowest in the world. Payment deadlines are also generous (up to 30 years).
To finance, just prove income in your country of origin. The approval process is fast (approximately 45 to 60 days). Our real estate company accompanies and guides throughout the process. We have long experience and great relationship with local banks.
All this contributes to a transparent process and a safe investment for the buyer.
4 – Ease in hiring property managers
Another great differential of the Florida real estate market that transmits security to the investment are the so-called Property Managers. They are, in fact, property managers, but with unique services that would hardly be provided anywhere else in the world.
When buying a property in Florida, the investor can rest easy in another country knowing that his property is well maintained and managed. Services include everything from mail collection to cleaning, maintenance, small renovations, rental management, among others.
In the case of properties aimed at obtaining income with rent, the administrators go further, and offer complete management, from check-in and check out of tenants (in the case of short-term rentals), maintenance, inspection and preparation of the property for the next tenant. The owner does not even have contact with the guests. Even the disclosure on online platforms (Ex. Airbnb) is carried out by the administrator.
The owner has no work at all, except to assign the bank account data to receive the amounts. It is a safe investment and very similar to a passive income.
Learn all about total rental management
5 – Ease of leasing is essential for a safe investment
The rental market in the United States is robust, offering a wide demand for housing. The ease of leasing is reinforced by a population in constant movement and a widely accepted rental culture.
The legislation is clear regarding the owner’s rights and, in case of eviction, if necessary, the process is very fast.
6 – Buy or sell at a distance (the physical presence of the investor is not required)
In no other destination will the global buyer have such ease when buying or selling the property at a distance.
In Florida, in no phase of the purchase process is the investor’s physical presence required. Not even for financing approval. Everything can be done remotely, with digital signature of the documents. Even the transfer of the deed can be carried out by videoconference, in a specialized notary office, with legal force and all the security and transparency that the process requires.
The sale of the property can also be done at a distance, in the same way.
Learn more about the process of buying a property at a distance in Florida.
7 – High potential for appreciation and ROI
Florida’s real estate market has been historically recognized for its appreciation potential in the medium and long term. This prospect of continuous growth attracts investors in search of opportunities for significant appreciation.
See also: How to calculate the ROI of a property in Miami
Below is a graph showing the always uptrend of the Miami market, which offers robust appreciation potential.
8 – Efficient market
Efficiency is a trademark of the American real estate market. Simplified processes, efficient systems and a solid legal framework contribute to a dynamic and agile market. This allows investors to quickly seize opportunities and carry out transactions efficiently.
9 – Single MLS system in Florida and updated metrics (market data)
Florida stands out with its Multiple Listing (MLS) system. It is a unique system where all properties listed for sale in the market are registered and can be accessed by any licensed agent.
The MLS system also brings metrics, data history, price evolution, advanced search, among other professional tools that are strong allies of brokers in the search for the ideal property for the investor.
For this reason, it is enough for the buyer interested in investing in Florida to select a single real estate consultant to work for. In other countries it is common to choose several brokers in order to cover a wider range of options for purchase. With Florida’s MLS system, this is not necessary, since all brokers have access to the same information.
Just select a single experienced, accessible broker that serves you well.
See in this article how to choose the ideal broker in Florida
10 – Legal Security for a safe investment
Legal certainty is a cornerstone of the United States legal system. Foreign investors are assured that their property rights are protected by sound laws and transparent legal proceedings. This provides a reliable basis for long-term investments, eliminating legal uncertainties that may arise in some international markets.
Do you want to know more about how to make a safe investment in Florida?
AMG International Realty is a global real estate company specialized in Florida and aimed at the foreign public. If you want to know more about the opportunities in the American real estate market, contact me right now and chat with me on WhatsApp: +1 305 318 6968 (Heloisa Arazi).
