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Foreign Seller? FIRPTA Witholding Tax Goes To 15% For High End Homes

international home selling

FIRPTA, the Foreign Investment in Real Estate Property Tax Act was created by Congress in 1980 to avoid foreign home sellers from making a profit on their U.S. home without paying U.S. taxes. According to FIRPTA, 10% of the sale price would be held for taxes. Usually, the settlement agent …

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"How did you get my name?" Easy marketing from just one question

By asking prospects this simple question, you’ll learn if your hard-earned marketing dollars are working. I used to throw thousands of dollars at print and online ads for my real estate business, believing they’d give me exposure and bring more clients through the door than I could handle. I watched …

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Do's and Don'ts of Appraiser Communication

Real estate professionals and appraisers both play an essential role in the process of buying or selling a home. It is critical that these two parties work together to ensure that an appraiser provides an independent, impartial, and objective opinion of value that accurately reflects the marketplace. However, we often …

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How to handle unrealistic seller pricing on a home for sale

This article was previously authored by James Vasquez (owner of www.housebuyersanantonio.com) and published on Inman.com. As agents, in the course of preparing to meet with a homeowner, we can sometimes spend hours running comps to put together an accurate comparative market analysis (CMA) on the property. So, we get pretty good at determining …

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