by kramoltz@hotmail.com | Sep 2, 2022 | Home Buying, Selling Your Home, The Attorney-Broker Advantage
Due to the real estate boom in Arizona and elsewhere, there are hordes of new real estate agents. Membership in the National Assoc. of Realtors grew from 1.48 million in 2020 to 1.56 in 2021. That 82% increase in new members set a NAR record. This “jump on the...
by kramoltz@hotmail.com | Aug 5, 2022 | Selling Your Home
Studies have shown that some homeowners who want to move say they won’t put their home on the market because they are waiting for the highest possible price. This is the same unwise strategy holders of stocks employ when they say they won’t sell until a stock...
by kramoltz@hotmail.com | Jul 11, 2022 | Selling Your Home
A real estate agent selling one of her Panama City Beach, Florida properties offered a discount if the buyer accepted a unique condition. The $699,000 list price would be reduced if her ex-husband was allowed to stay. “Wonderfully rehabbed ex-husband up for grabs.”...
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...
