by kramoltz@hotmail.com | May 9, 2022 | Global Buyers + Foreign Investment, Selling Your Home, Taxes
When a foreign person sells U.S. real estate, 15% of the sale price will withheld. However, U.S. formed entities like limited liability companies are not themselves considered to be a foreign person so withholding would not apply (although their members may be...
by kramoltz@hotmail.com | Apr 25, 2022 | Home Buying, Selling Your Home
The latest on “love letters” is that the Oregon law preventing a buyer agent from providing the seller or its agent with one has been blocked by the courts. The provision that “a seller’s agent shall reject any communication other than customary documents in a real...
by kramoltz@hotmail.com | Mar 29, 2022 | Selling Your Home
FIRPTA is the Foreign Investment in Real Property Act. The purpose of FIRPTA is to ensure “foreign persons” who own U.S. property pay any capital gains taxes which may be due on the sale. The government does that by requiring that all sellers file a document at...
by kramoltz@hotmail.com | Nov 29, 2021 | Home Buying, Selling Your Home
Tucson and Phoenix are among the top 5 U.S. markets for cash single-family house and condo sales according to ATTOM’s most recent 2021 U.S. Home Sales Analysis. ATTOM reported that nationwide all-cash purchases reached the highest level since the first quarter of...
by kramoltz@hotmail.com | Nov 8, 2021 | Home Buying, Selling Your Home, The Attorney-Broker Advantage
The Consumer Federation of America recently released a report critical of real estate agency practices. In The Agency Mess, the CFA noted that although consumers think agents represent their best interest, many agents actually represent the interests of the other...
by kramoltz@hotmail.com | Sep 3, 2021 | Selling Your Home, The Attorney-Broker Advantage
In a new report, (Heterogeneous Real Estate Agents and the Housing Cycle), the authors conclude there are too many inexperienced real estate agents. Inexperienced real estate agents hurt sellers, because houses listed for sale by them have a lower probability of...
