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We provide Buyer Agent services to anyone interested in acquiring property in the greater Fort Lauderdale area. Save yourself money and aggravation and call us today. We are in a for sure buyer's market. The bottom has been achieved. Calling us makes sense.


Here are some of the key features for International Home-Buyers who are considering a vacation home or investment in Florida real estate.

1. Use the services of an experienced Realtor - the differences between the US real estate market and many other foreign nations is "Buyer Agency". Hiring a Realtor in the US for representation does not typically cost the buyer anything. Commissions are paid by the seller. Buyers can have an agent help them with all aspects of a real estate purchase at no charge. It is essential that foreign homebuyers align themselves with a Realtor possessing experience and expert market knowledge. An experienced agent will help buyers find the most suitable home and negotiate the best price and terms.

2. In case you are planning to purchase with a mortgage, then preliminary contact and discussions with a local mortgage broker would be very helpful.

3. When a property is found, an offer will then be made to the seller - prepared by The Jekov Group.

4. At the time of offer, cash needs to be put into the real estate broker's escrow. If the offer is not accepted, then the funds are immediately returned. International buyers should have access to at least $4,000 US through checks, travelers checks or other.

5. If the offer is accepted, then the closing is typically scheduled for 25 to 50 days from date of acceptance.

6. After acceptance, an additional deposit of approximately 5-15% of the purchase price is to be made to secure the offer.

7. A local bank account should be established with amounts equal to the total down payment plus amounts equal to several months of mortgage payments and expenses equivalent to 24 months need to be on deposit before closing.

8. Usually a closing company will coordinate all the legal documents and signatures needed to transfer the property deed and legal notices.

9. Buyers do not need to be present at closing, all activities can be accomplished through the mail.

10. All transfers of services such as electric, phone and cable can all be done through phone and mail.

11. For tax purposes  - "Substantial Presence" is established when an individual either physically resides in the United States for 183 days or more during the year or meets the formula for residency over a three-year period.

12. It's important to know that 10 percent of the contract price of a sale made by a nonresident foreign owner must be withheld for tax purposes under the provisions of the Foreign Investment in Real Property Tax Act. This amount must be paid to the IRS within 20 days of the sale. A seller may obtain a qualifying statement from the IRS that reduces or eliminates this withholding requirement. Properties that sell for under $300,000 that will be used by the purchaser as a residence for a specified time period are also exempt. Sellers who’ve furnished a “Nonforeign Affidavit” certifying that they will pay the tax are likewise exempt from withholding.

13. Other key point is the foreign buyers and sellers to have international tax identification numbers if they don’t qualify for Social Security numbers. These numbers, issued by the federal government, appear on all tax returns filed by nonresident aliens and on forms that show withholding from real estate proceeds.

14. Be aware of the cash flow. If you collect rents or other income for rental properties owned by foreigners who aren’t engaged in U.S. business or trade, you must withhold 30 percent of the gross income (before expense deductions) for tax purposes before paying revenues out to the foreign owners. The withholding amount can be less if the country where the owner resides has an income tax treaty with the United States.