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Real Estate
Whether you are looking to purchase a vacation home for yourself or looking to make an investment in the sunshine state. We are here to help you close your real estate transactions. We are a member of the Fund and issue title insurance through Old Republic Title.
In Florida the closing process can be broken down into the following steps:
- • Working with a Real Estate Agent to identify property
- • Submit offer to listing Agent
- • Contract Negotiations and execution of purchase & sales agreement
- • Earnest money deposit is made
- • Home Inspection are performed
- • HOA applications are submitted if applicable
- • Working with lender to meet funding obligations if applicable
- • Final Walkthrough
- • Closing (Signing of final sales documents, legal documents are recorded, title insurance is issued, and funding of loan occurs if applicable)
- • Congratulations and handover of keys
Special considereation must be given to the Foreign Investment in Real Property Tax Act (FIRPTA) if the trasaction involves a foreign seller. Different withholding requirements usually obligate the buyer to withhold 10-15% of the purchase price and submit it directly to the IRS when the seller of U.S. real property is a foreign person.Closing Cost Calculator
“Buy land, they’re not making it anymore.”— Mark Twain
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