If you live in the United Kingdom and are considering buying a place in Florida, now is a great time! It’s a Buyers' Market! In other words, homes are plentiful and prices are reasonable.
Here are a few tips:
In the States, any real estate agent has access to all available homes for sale. This means you can work with one agent from start to finish (your home search all the way to purchase). This differs in the UK, where you (the buyer) meet with several different real estate agents depending on the property for sale. In the US, we have what is called Multiple Listing Service (MLS). This is the main database that Real Estate agents use to find their buyers the perfect home! And the best thing about this arrangement is that you can work with one agent who knows exactly what you are looking for and who will negotiate so you get the best deal. This saves you time and energy! In the US, a buyer can work with a real estate agent, known as a Buyer’s Specialist. This real estate agent helps you find a home, negotiate the purchase price and ensures a smooth process until completion (or as we call it in the U.S., closing).
Real Estate Terms that Differ between the United Kingdom and the United States.
U.K. = U.S.
Deposit = Down Payment
Survey = Home Inspection
Completion = Closing
If you would like more information on buying in the U.S., please contact me. As a Buyer’s Specialist, I’d be happy to assist in your home searching needs.
Best Regards,
Patricc Petti
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