OFF PLAN BUYING PROCESS IN FLORIDA

Buying an offplan villa, condo or townhouse in Florida is a lot easier than many people imagine. Here is a step by step guide to buying your offplan Florida home.

Buy Florida Offplan Property Step #1: Choose an Offplan Florida Development
The majority of new construction Florida homes in Orlando are built on gated communities. These are beautifully landscaped spaces that are quiet and relaxing. Currently, most offplan developments in Orlando are situated to the west of Orlando International Airport.

Offplan gated communities can be found around the Kissimmee area, in Orlando near Walt Disney World, and to the south of the main I4 Highway. Some of the most prestigious gated community developments where offplan Florida property can be purchased in Orlando are close to Highway 27, west of Walt Disney World.

Popular Orlando villa communities where offplan Florida property may be purchased include Orange Tree, Solano Resort, Emerald Island Resort, Magic Landings, Vizcay Florida Resort, Lighthouse Key Resort and Crows Nest Estates. Check http://www.1st-for-florida-property.com/1stFP/new-developments-in-florida-property.php for the best Florida villas / developments.

Buy Florida Offplan Property Step #2: Choose an Offplan Florida property type
All offplan Florida communities have a selection of Florida property styles for buyers to choose from. These include 3-bed Florida villas and 4-bed Florida villas built on one level, and 5-bed Florida villas and 6-bed Florida villas built over two stories. There are 2 and 3-bed Florida townhouses too as well as 2, 3 and 4-bed Florida condos.

Not all offplan Florida properties are alike in design. Some of the most popular Florida property styles include traditionally styled single family homes, colonial style Florida villas and Mediterranean style Florida villas and townhouses.

Buy Florida Offplan Property Step #3: Arrange Visit to Florida Developer (optional)
1st for Florida Property can arrange for you to visit the developer's sales office in Florida and view any show homes or existing Florida properties on previous phases of construction if available. Our partners in Florida can collect you from Orlando International Airport and provide you with accommodation and transport during your stay if required.

Mortgage information and rental management information can be obtained from our partner in Florida at this juncture also. Information on furniture packages, interior décor schemes and any other options that are available on the offplan Florida property should be chosen at this point too.

Additionally, our partners in Florida will advice you on other important considerations such as opening a US Bank account and applying for residency visas.

Buy Florida Offplan Property Step #4: Complete Intent to Purchase Document or Reservation Document
To secure a plot on a development the Florida developer generally needs a signed 'Intent to Purchase' letter from you or a reservation document, as well as a small deposit of between $500 and $2000. Intent to purchase / reservation forms for the developer and an authorisation form to deduct a deposit from your account or credit card can be obtained from 1st for Florida Property.

PLEASE NOTE: Not all developers follow the same procedure. Different forms to those quoted above may therefore be supplied for your offplan Florida property purchase.

Buy Florida Offplan Property Step #5: Sign Florida Property Purchase Contract
Once the reservation form or intent to purchase letter has been received by the developer, and the deposit to secure the plot has been processed, the Florida developer will raise the purchase contract. This is a legally binding document that sets out the transaction between the Florida developer and purchaser.

Any special requests for your offplan Florida property should be finalized at this point. For instance, if you require a premier furniture package to be included with your Florida property or wish to choose interior décor schemes then this needs to be included in the purchase contract.

The Florida developer will require another deposit at this stage as well. The deposit amount will be equivalent to between 10% and 20% of the Florida villa purchase price. Most Florida developers then do not require any further payments to be made until closing / completion.

Buy Florida Offplan Property Step #6: Wait for your Florida home to be built
It will take anywhere between 6 - 18 months for your Florida property to be built. Once built or when the Florida property is close to completion you will need to prepare yourself for closing. If you need a mortgage to finance the balance of your purchase, you must arrange one in plenty of time.

Buy Florida Offplan Property Step #7: Closing
Closing will be on the date as given by the Florida developer. Please insure that sufficient funds are available on the day of closing to pay for the balance on your Florida property.