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Canadians pay cash

Why do most Canadian buyers in Sarasota end up paying cash ?

Canadians are by far the largest international purchasers of Sarasota real estate.  Additionally, the vast majority of Canadians pay cash for their Sarasota property. The reasons are threefold. Firstly, the lending criteria is very strict for Canadians. Whereas American citizen’s commonly obtain loans for 80% to 90% of the properties value, Canadians and other international buyers…