Posts

Showing posts from May, 2016

When a Foreigner Sells a Home in the US

FIRPTA = Foreign Investment in Real Property Tax Act amount of tax is 15% that must be witheld at closing unless the buyer is going to occupy the property more than 50% of the time over 2 12 month periods and signs the FIRPTA agreeing that The IRS requires the Seller and the buyer to have a US Federal taxpayer identification number (TIN) The seller can apply for a Withholding Certificate which can reduce the amount A transferor that applies for a withholding certificate must notify the transferee in writing that the certificate has been applied for on the day of or the day prior to the transfer. A withholding certificate may be issued due to: A determination by the IRS that reduced withholding is appropriate because either: The amount that must be withheld would be more than the transferor's maximum tax liability, or Withholding of the reduced amount would not jeopardize collection of the tax, The exemption from U.S. tax of all gain realized by the transferor, or An agreemen...

the Man Cave

Image

Before you Buy a Newly Renovated Home Consider this

I just had a buyer close on a home 2 weeks ago. The house was beautiful. It was all newly renovated with kitchen, bath, flooring remodelled. They are having issues with their electrical that keeps tripping and have a plumbing leak. If you are buying a home newly renovated with all new appliances etc. you still want to purchase a HOME WARRANTY. I have a few Home warranty companies I can suggest. Another thing is to get the names of any and all contractors that did the work on the home and see if they back up their work so if you do have a problem you can call the guy that is familiar with the home and what was done. If you haven't purchased yet New Construction may be the way to go. It is often cheaper to build than repair. If you would like to consider this option I can refer you to some lenders and take you to see some model homes.

Wild Boar in Florida

Image
Recently a neighbor had their whole front lawn tore up from these guys. It seems the best way to deter these guys from tearing up the lawn is to have a sprinkler system with a motion sensor. For more ways and additional information check out http://www.aaanimalcontrol.com/professional-trapper/howtogetridofferalpigs.html

Hamlets Grove Movie

Image