When a foreign buyer must buy on behalf of a corporation?

Foreign investors can purchase property directly - in their own names - or utilize the many ways available under law to purchase real estate in the U.S. International investors in particular should consider using a business entity, such as a domestic corporation, foreign corporation, limited partnership, joint venture, real estate investment trust or limited liability company when purchasing a property for sale in Miami as an investment. Buying investment real estate with a corporation can have negative and positive impacts, [...]

How To Choose A Real Estate Agent

In the real estate process there are many steps to consider before buying or selling a home or investment property. One of the first people you’ll encounter and need to complete the transaction process is a professional real estate agent. Realtors represent buyers and sellers, and often have a number of resources and knowledge at their disposal to help you buy or sell a home. Your chosen real estate agent, a qualified one, will do everything in your best [...]

Most important clauses of the purchase and sale agreement

The purchase of a property is generally the most important and expensive purchase that you make in your lifetime. When you’ve finally decide to make the commitment its important to know as much as possible about the transaction process and documentation. In real estate a contract known as the "purchase and sale agreement" between the buying and selling parties is utilized to complete the transaction process after mutual acceptance on an offer, which states the final sale price and [...]

What are the steps to buying a property?

The purchase of a property is generally the most important and expensive purchase that you make in your lifetime. When you’ve finally decide to make the commitment its important to know as much as possible about the transaction process and documentation. In real estate a contract known as the "purchase and sale agreement" between the buying and selling parties is utilized to complete the transaction process after mutual acceptance on an offer, which states the final sale price and [...]

What role does the appraisal of the property play in the buying process?

When buying a property a great deal of consideration goes into the sales price and value of the property or home for sale. Both buyer and seller must depend on the experts to make crucial decisions in the transaction process.  In that transaction process, an appraisal confirms the sales price for the lender or buyer.  It is an estimate completed by a trained, certified, state-licensed professional who provides a guess on value based on several factors about the actual [...]

Income tax on foreign investment

When it comes to real estate, the U.S. has long been a safe haven for foreign investors from around the globe and Florida real estate has always been attractive to foreign buyers.  Tax laws tend to be very favorable for international investors who are willing to purchase real estate and business assets. A foreign buyer will generally pay income tax the same as US investor on its real estate income and the foreign taxpayer will pay tax on capital [...]