In a typical home purchase, the sale takes place shortly after the offer has been accepted, and the transaction is completed at closing. Since most buyers don’t have the money to pay cash, a mortgage is usually used to finance the purchase: The buyer puts down a certain percentage of the purchase price (the down payment), then pays the lender in regular installments over a period until the balance is paid off in full. To qualify for a mortgage; however, potential buyers need

As the Chinese love for the US continued its winning streak last year, Chinese property buyer inquiries for Florida on a whole grew 63% y-o-y on Juwai.com in 2016, on top of a 92% and 488% y-o-y increase in 2015 and 2014, respectively. So, while Chinese may have only accounted for 3% of foreign real estate buyers in Florida last year, that may change soon in 2017. What lies behind this upsurge of Chinese interest in Florida? We shed light on 4 factors drawing Chinese buyers t