Here are tips for homebuyers International who are considering a home or investing in Florida real estate. You can contact Florida’s real estate buyers if you want to sell your house quickly.
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1. Use the services of an experienced Realtor
One of the biggest differences between the US real estate market and many other foreign countries is an institution purchaser. Experienced agent will help shoppers find the most suitable home and negotiate the best price and terms.
2. Consider Service of Real Estate Attorney
There is a lot of US tax law which could have serious implications for foreign buyers. Hiring an attorney who is experienced in the US Tax laws can lead to significant tax savings when it comes time to sell the property.
3. Consider setting up a Qualified Domestic Trust
United States real estate held in death by aliens from the United States may be taxed at a very high level. A properly setup Trust can help to defer the tax until the asset is taken from the Trust.
4. Remember Sprinkler System
I'm sure you realize that it can be very hot in Florida. The house needs to be built into the sprinkler system to maintain the beauty of the landscape.
5. Maintenance Costs
Maintenance costs can be quite high depending on where you buy. You will also have taxes and insurance costs homeowners to consider and sometimes the cost of maintenance would put home buyers in their annual budget.