Foreign Transactions - Buying in Southwest Florida
If you live in another country and are looking to buy a property here, we can certainly help you buy in Southwest Florida. When you're buying property outside of your country, you require professional assistance to ensure that the purchase is conducted smoothly. We offer competent representation in international real estate dealings.
Buying property in the United States can be a great investment strategy. You can find a place that works as a vacation home, a permanent residence, or as a rental property. Chances are that your property value will go up, leaving you with a significant asset.
It's advisable to take a trip to the neighborhood you're considering buying in for the express purpose of looking at properties and the community. If you can't visit, seek out a competent professional to find the type of property you want for a fair price. You may wish to retain an attorney in addition to hiring a real estate agent, so that your property purchase is problem-free.
An important part of buying property here is knowing the local real estate laws. You should have a good working knowledge of these laws, but if you don't, then it's advisable to retain some kind of legal counsel experienced in these matters as well as a real estate professional who can help you find the best property for your needs.
No matter what your goals are for purchasing property in this country, we're dedicated to working hard for you and finding you what you want.
Contact us for more information about real estate.
Buy in Florida! Your money is safe in our country.
Fact 1 - Residents of Canada who purchase Homes, Condominiums, Vacant Land, or other real property in the State of Florida are not penalized nor do they receive higher property tax rates for being Canadian nationals.
Fact 2 - United States residents and Canadian residents who own property in the State of Florida including those who are primary residents are taxed with the same millage (tax) rates that are set by local governments and other taxing authorities. Your tax rate is the same as a US Citizen.
When selling, certain taxes are withheld by the closing company.
Link below will explain tax rules. http://www.irs.gov/Individuals/International-Taxpayers/FIRPTA-Withholding
Contact Us for more information.