Florida property seekers buying foreclosed homes have been advised of how to avoid any unexpected additional costs.

US real estate firm Findire.com has noted that such properties do not have a guarantee for their condition from the seller.

It advised that those who buy should appoint an appraiser to make sure everything is well with the house, such as the utilities being in working condition.

"This will save the buyer from any unnecessary expenditure when it comes to maintaining the property," the company noted.

Findire also stated that Florida property investors looking to the rental sector should make sure they are doing so in the right location to ensure they achieve the income they are looking for.

Those seeking new build properties may find Orlando a good place to look, according to new figures.

Housing research firm Metrostudy noted that the Florida city had one of the highest levels of unoccupied new dwellings in the US, the Orlando Sentinel reported.

Metrostudy’s chief economist Brad Hunter said this situation is having a downward effect on prices.

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