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For South Korean Buyers

South Korean Buyers’ Guide to Florida Real Estate

South Korean buyers invest in Florida for diversification, education-adjacent living, and lifestyle. Here is how, from a CIPS and Florida attorney.

Arthur Simpson — Attorney, Broker & Certified International Property Specialist (CIPS), and a member of the Real Property and International Law Sections of The Florida Bar.

You can buy

South Korean citizens can buy Florida property with the same ownership rights as Americans — no U.S. visa or residency required.

Funds-transfer planning

Korea has reporting and declaration requirements for sending funds abroad for overseas real estate, so plan with your bank and advisors. We coordinate so funds arrive in order for closing.

Cash or financing

Many buy cash; foreign-national loans need no U.S. credit (~20–30% down). An ITIN is typically needed for financing or rentals.

Taxes

FIRPTA applies at sale and rental income is U.S.-reportable — a cross-border CPA coordinates both countries. Start here →

Ready to buy in Florida?

As an attorney, broker, and CIPS — and a member of The Florida Bar's Real Property and International Law Sections — we guide South Korean buyers through every step, remotely and with confidence.

Start Your Florida Purchase →

Frequently asked questions

Can South Korean citizens buy property in Florida?
Yes — with the same ownership rights as U.S. citizens, and no visa or residency required.
How do Korean buyers transfer funds for a U.S. home?
Korea has declaration and reporting steps for sending money abroad for overseas property. Plan with your bank and advisors; we coordinate so funds are ready for closing.
Do Korean buyers need an ITIN?
Generally yes if you finance, rent, or file U.S. taxes — including FIRPTA at sale.

This page is general information for South Korean buyers and is not legal or tax advice. International purchases involve U.S. and home-country tax and legal questions that should be reviewed with a qualified attorney and a cross-border CPA. Real estate brokerage services are provided by Simpson & Simpson Realty; legal services are provided separately by Cornerstone Wealth & Legacy Law, PLLC.