Buying a home in Miami to non-US citizens: all the nuances of a successful deal

The desire of wealthy Russians to acquire their own housing in Miami is not surprising. The sun shines here all year round, and all the conditions for a good rest are created. In addition, real estate in this part of the world is one of the best investments. Housing in Miami is constantly becoming more expensive both in the purchase and in the lease.

Arguments for the benefit of Miami

The USA is a country with a stable economic and political situation. Therefore, you can acquire real estate here, without worrying about its safety or liquidity. The state is doing everything possible to attract foreign capital to the United States. Sale of real estate is one of the points of this policy. The American banks have a well-developed mortgage lending system, which can be used by every foreign citizen. 

You can often hear the opinion that foreign homeowners in Miami at exorbitant prices must pay for the maintenance of their apartments. This is all illogical fiction. Foreign citizens who purchased Miami real estate in private ownership, pay for its maintenance as much as the locals. The total price in each case is determined by:

  • housing area;
  • the number of services provided by the management company.

At the end of the year, all owners are obliged to pay property tax, within Miami it varies from 1.5 to 2.6% of the value of the property.

How to buy property in Miami

In order to purchase housing in the US, a non-resident must have confirmation of the legality of his stay in the country. Typically, in his capacity for the Russians serves a visa. Each potential buyer of the apartment authorized by the authorities of Miami to check for links with terrorist organizations.

Any real estate transaction in the United States carries a risk of fraud. This is especially true for non-residents of the country. Therefore, they are encouraged to involve in this process, professional real estate agents and lawyers. Their help will not only quickly find the optimal residential facility in Miami, but also ensures the safety of investment. Purchase of housing by specialists is accompanied at all stages: from the moment a client calls to receive their keys. Therefore, any risks in the transaction are excluded. Russian-speaking citizens should make a choice in favor of the agency, where employees are ready to consult in their native language.

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