Many foreign investors and international home buyers choose Florida to purchase a second home or rental property real estate investment. The weakening U.S. dollar combined with the lowest home prices in years make for a historic home buying opportunity right here in Venice, Sarasota County, Florida. In addition, our major airports and deep water seaports support the arrival of international business and tourism in our beautiful Florida climate.
As Exclusive Buyer Agents for Florida real estate in Venice and Sarasota, we have a track record of success in assisting foreign investors and buyers in purchasing the very best homes and condos for sale in Sarasota County, Florida.
Tips for Foreign Buyers of Florida Real Estate
A foreign buyer investing in US real estate must plan ahead and take extra diligence to strategy the acquisitions as a result of nuances in taxation legal guidelines, title holding rules, funds transfer rules and other factors.
• TITLE: Consider how you wish to hold title to the property. In the U.S., there are many ways to hold title, and your "exit strategy" may determine which way of holding title is most appropriate.
• TAXES: You will want to connect with an educated international tax advisor, ahead of time, to help facilitate these considerations.
• IMMIGRATION: You will want to consider immigration law and Visa requirements. You'll need to consult with an immigration/real estate specialist attorney to consider how your status will impact the frequency and length of time you can stay in the U.S. Spending the time and money to consult on your special considerations will go a long way towards making your purchase successful from start to finish.
• INCOME: For the actual purchase offer, it is essential to document from where your income arrives. Make sure you have the proper paperwork set aside to back up your sources of revenue, taxes paid abroad, banking or investment account statements, etc. Almost all of our foreign buyers are cash purchasers, which makes the process very easy, and also allows you to structure a strong purchase offer to the seller.
At True Real Estate, we have the experience and expertise in helping foreign buyers purchase Florida real estate. Contact us to start your smooth and successful process of buying real estate in Sarasota County, Florida.
