At Title X, we understand that purchasing real estate in Florida as an international buyer comes with its own set of challenges. From banking logistics and wire transfers to FIRPTA and entity structuring, it’s easy to feel overwhelmed.
That’s why we created our Global Buyer Program — a step-by-step system designed to help foreign nationals and non-residents close with ease, confidence, and clarity. Here are some of our key takeaways for International Buyers.
1. Understand FIRPTA (Foreign Investment in Real Property Tax Act)
If you’re a foreign seller in the future, FIRPTA requires that up to 15% of the sales price be withheld and submitted to the IRS unless an exemption applies. This often surprises international clients — but with the right planning, you can avoid or minimize this withholding. Title X handles FIRPTA documentation proactively so your funds are not unnecessarily tied up.
According to the National Association of REALTORS®, over 45% of foreign buyers were unaware of FIRPTA requirements prior to closing.
2. Choose the Right Ownership Structure
The way you hold title — personally, under an LLC, or in a trust — can significantly affect your liability, estate taxes, and privacy.
For example:
- LLC ownership may offer liability protection and flexibility if you plan to rent the property.
- Trusts can help avoid U.S. probate upon death, which can otherwise delay transfers to heirs.
- Personal ownership may be simpler upfront, but has long-term tax implications for your estate.
We connect you with bilingual CPAs and attorneys to make the right choice based on your country of origin, investment purpose, and financial goals.
3. Know the Property Taxes and Insurance Upfront
In Florida, non-resident homeowners are not eligible for the homestead exemption, which means you’ll pay full assessed property taxes — often $1,000 to $3,000 more annually than local homeowners.
Additionally:
- Most properties in South Florida require hurricane and windstorm insurance, which can add $2,000–$4,000/year depending on the location.
- Flood zones (FEMA) may also require flood insurance, especially in Miami-Dade, Broward, and coastal counties.
Our team will help you estimate these costs upfront, so there are no surprises post-closing.
Florida consistently leads the U.S. in foreign buyer purchases, accounting for 23% of all international real estate sales in the U.S., according to NAR. Top countries include Canada, Colombia, Argentina, Brazil, and Venezuela.
We make it simple. Whether you’re buying a second home, vacation rental, or investment property — Title X is your trusted partner for international closings in Florida.
Ready to get started? Schedule a free consultation or send us a message today.
— Title X & Escrow
Attorney-Owned. Market-Savvy. Here to Stay.
Buying in Florida as a foreign national or non-resident?
Start with a free consultation here: https://titlexescrow.com/contact-us/