RSS
Print This Post Print This Post

Patricia Tan – Perspectives – International REAL Estate

Patricia Tan

5 Things Foreigners* Ask About Spending Time in Florida

By Patricia Tan

Over the years I have worked with real estate buyers from many countries around the world. Their home countries and the properties they buy may vary, but their questions remain the same. Here are the top five questions I hear from overseas customers considering a longer stay in Florida:

How long can I stay in my Florida vacation home, without running into visa issues?

Once an overseas visitor has purchased a vacation home here, they can apply at the U.S. Embassy in their home country for the B1/B2 visa. This will allow them to come and go at will, but they do need to count the days they “have feet on U.S. soil”. Staying for more than 182 days in any calendar year may mean they become resident for U.S. tax purposes, and they will have to file a U.S. tax return on their worldwide income –something most people choose not to do!

Who will look after my home when I’m not there?

It’s no surprise that professional Home Watch services abound in a state where many homes are left unoccupied for long periods of time. For a set fee per month, or per visit, these companies will send a representative to visit unoccupied homes periodically, to make sure all is well – air conditioning working, no plumbing or roof leaks for instance. These services should always be provided by a professional company, and not just a neighbor making a few extra dollars on the side.

Pat Pic 500

How easy is it to insure property that’s not occupied full time?

Florida is a state where many people own a second home. Most insurance companies who operate here are familiar with the market and will have a policy to cover property that is unoccupied for periods of time. Some of them may reduce premiums if the property benefits from a regular Home Watch service.

Should I buy a car or rent one every time I visit?

If the driver doesn’t mind driving a small car, at the discretion of the car rental company, then a rental car picked up at the airport may be the cheapest option. If they are particular about the kind of car they drive, their home has a garage, and they really want a car to transport bicycles, kayaks and golf clubs, they may want to buy a car. Some auto insurance companies offer discounts if the car is used for only part of the year. When the car is left unused for some time, steps should be taken to keep the battery charged of course.

What if I need medical treatment in Florida?

Medical care is readily available, but what about the costs? The cheapest way for foreigners to obtain medical insurance for longer trips is through their travel insurance company in their home country. Most will extend cover for longer periods of time, but arranging this will involve a conversation, rather than simply ordering the standard travel policy online. One of my British customers, who spends about 20 weeks a year in their Florida home, cut her finger and went to an urgent care office. She had to have stitches and antibiotics, and 2 more trips to the office. She tells me she paid for the treatment on her credit card and then it was an easy process to claim the costs back from her insurance when she returned home.

*NOTE some of these comments may not apply to Canadian visitors and home owners.

patricia-tanPatricia Tan was born in England, and her career in international sales and marketing led her to live and work in many countries around the world before moving to Sarasota in 1997. Patricia is a Certified International Property Specialist (CIPS), Graduate Realtor Institute (GRI), and Transnational Referral Certified (TRC). She is involved in global activities of the Sarasota, Florida and National Association of Realtors, and currently serves as NAR President’s Liaison to U.K. Her real estate business operates from Coldwell Banker on St Armands Key, where her focus is to bring international buyers to the local market. She regularly makes marketing trips to Canada, Asia and Europe, to promote Florida’s Gulf Coast and the Sarasota area in particular. Patricia may be reached at 941-504-9232 or Pat@PatriciaTan.com.

Copyright © 2017 REAL Exclusive Magazine www.getrealexclusive.com
Links to this article are encouraged

Share

Tags: ,

Leave a Reply


Featured Properties

Ads

REAL HAPPENINGS

Ready...Set...SAVINGS!

Ready...Set...SAVINGS!

Van Wezel Offers Daily Show Discounts Till Christmas. Van Wezel is running a sale a day on 12 di[...]
December 13, 2018 Deck The Halls

December 13, 2018 Deck The Halls

Enjoy A Self Guided Tour Of Ca’ d’Zan. All decked out for the Holidays, Ca’ d’Zan will be open d[...]
Pantone Announces Color Of The Year

Pantone Announces Color Of The Year

Living Coral Is It For 2019. The official selection for the coming year is Living Coral, or spec[...]
December 7, 1941 Day Of Infamy

December 7, 1941 Day Of Infamy

Remember Pearl Harbor. The Day of Infamy that launched the epic conflict with Japan took place a[...]
Tow To Go Celebrates 20 Years

Tow To Go Celebrates 20 Years

Every 49 Minutes A Drunk Driver Kills Someone In The U.S. In 1998, John Saputo - CEO and Preside[...]
December 14, 2018 Jazz At Two

December 14, 2018 Jazz At Two

Sarasota Jazz Project Performs. Join the Jazz Club of Sarasota as they present Jazz at Two at Un[...]
December 6, 2018 Mellon Grant Arts Events

December 6, 2018 Mellon Grant Arts Events

New College Announces December Mellon Grant Arts Events. Dance, music, choreography, Asian film[...]
2018 Sarasota Powerboat Grand Prix Festival OFFICIAL Wrap Up

2018 Sarasota Powerboat Grand Prix Festival OFFICIAL Wrap Up

Suncoast Charities For Children Thanks Sarasota Board Of County Commissioners. Suncoast Charitie[...]
December 7, 2018 Jazz At Two

December 7, 2018 Jazz At Two

Greg Nielsen and Friends Performs. Join the Jazz Club of Sarasota as they present Jazz at Two at[...]
November 22, 2018 Some Thanksgiving Fun

November 22, 2018 Some Thanksgiving Fun

The Directions Say To Have The Bird Chill In The Sink For A Few Hours... Happy Thanksgiving[...]
November 22, 2018 Happy Thanksgiving

November 22, 2018 Happy Thanksgiving

Gather With Friends And Loved Ones To Give Thanks For Life's Blessings. The Pilgrims made seven [...]
November 30, 2018 Jazz At Two

November 30, 2018 Jazz At Two

Skip Conkling and Dixie Mix Performs. Join the Jazz Club of Sarasota as they present Jazz at Two[...]
November 23, 2018 Jazz At Two

November 23, 2018 Jazz At Two

Billy Marcus Trio Performs. Join the Jazz Club of Sarasota as they present Jazz at Two at Unitar[...]
November 19, 2018 Ringling By the Bay

November 19, 2018 Ringling By the Bay

Ringling By the Bay Features Kettle Of Fish. Join The Ringling at Bolger Campiello on Sarasota [...]
November 11, 2018 Veterans Day

November 11, 2018 Veterans Day

Tomb Of The Unknowns And Veterans Day. Official, national ceremonies for Veterans Day center aro[...]
243rd Anniversary Of The United States Marines

243rd Anniversary Of The United States Marines

All Men Are Created Equal Then Some Become Marines. The official birthday of the United States M[...]
November 16, 2018 Jazz At Two

November 16, 2018 Jazz At Two

Valerie Gillespie Ensemble Performs. Join the Jazz Club of Sarasota as they present Jazz at Two [...]
Third Annual Women’s Sports Museum Gala

Third Annual Women’s Sports Museum Gala

Gala Hits A Homerun For Women’s Sports Museum. More than 200 guests attended the 3rd Annual Wom[...]
November 9, 2018 City Of North Port Real Estate Summit

November 9, 2018 City Of North Port Real Estate Summit

The City Of North Port Hosts Third Annual Real Estate Summit. On Friday, November 9, 2018, from [...]
November 30, 2018 Active Shooter Presentation

November 30, 2018 Active Shooter Presentation

Skills To Enhance Your Survival In An Active Shooter Incident. The Manatee Sheriff's Office is o[...]
Translate »