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David Barr (Berkshire Hathaway HomeServices Florida Realty)

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Rainmaker
1,052,211
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Yes, and thank you for bringing it up. I don't work with a lot of foreign investors, but it's important to know.

Jan 11, 2016 04:49 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

David Barr Agents might take FIRPTA more seriously, if they knew they could be liable for the tax. Thanks for the update.

Jan 11, 2016 04:06 AM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Great to know!  Thanks!!  Hopefully US citizens will still be able to waive these.

Jan 11, 2016 03:20 AM
Rainmaker
5,868,482
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I don't have many foreign clients, but thanks for the link, will check it out. 

Jan 11, 2016 11:57 PM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

parked and reading

Jan 11, 2016 11:16 PM
Ambassador
2,684,009
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Does this have something to do with all the refugee/invaders that Obama and the Republican Congress are bringing in?  I will let my Title Attorneys deal with it.

Jan 11, 2016 02:14 PM
Rainer
279,354
John Crosby
Real Property, Inc. - Marblehead, MA

Sounds like something I'd need to take a pill for. Never heard of it, we don't work with international clients. 

Jan 11, 2016 11:20 AM
Ambassador
2,161,048
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Yes.  Makes me wonder why the increase.  Foreign sellers will not be happy about that.  

Jan 11, 2016 11:19 AM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I hope our closing and title companies are up to date on this. I don't deal with many foreign investors.

Jan 11, 2016 11:16 AM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Oh yea. I am talking to pension fund reps in London and Tel Aviv.

Jan 11, 2016 08:14 AM
Rainmaker
655,940
Jeffrey Jones
AZ Home Seekers - San Tan Valley, AZ
AZ Home Seekers, azhomeseekers.com

so the change is the 15% on sales over a million. great info thank you.

 

Jan 11, 2016 03:51 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Interesting, I wasn't aware of this upcoming change.  Thanks.

Jan 11, 2016 03:33 AM
Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

I was not but do now. Not that much foreign investment here.

Jan 11, 2016 03:18 AM
Rainer
150,416
Michael Thacker - Re/Max Real Estate Center - Louisville
Re/Max Real Estate Center - The Thacker Group - Louisville, KY
Your best friend who just happens to be a Realtor

Now, that is a new one of me. 

Jan 11, 2016 02:58 AM
Rainmaker
938,537
Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Shouldn't impact our market as we really don't have any home sales over $1 million so the old 10% rate would apply. 

Our average home sale is around $145,000 in the county  so most individual owner occupants would qualify for the exemption with proper affidavit for sales at $300,000 or below.

Jan 11, 2016 01:28 AM
Rainmaker
140,768
Joan Dickie
Keller Williams Premier Realty - La Crosse, WI
Keller Williams Premier Realty

It shouldn't have a huge effect on our market.  We here in flyover land don't get many foreign sellers or buyers.

Thanks for posting your blog on the topic!

Jan 11, 2016 01:27 AM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Thanks for the link...never come across this before but there is always a first

Jan 11, 2016 10:18 AM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

This is something that I manage with the escrow officer to ensure it is taken care of properly. 

Jan 11, 2016 06:44 AM
Rainmaker
617,935
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

David,
Hard pressed to find a “foreign” buyer here, unless you count folks moving from Texas. They are always welcome.

Jan 11, 2016 05:03 AM
Rainmaker
1,157,785
FN LN
Toronto, ON

There is a lot of tax information, both domestic and international, that one needs to keep abreast of in the wonderful world of real estate.

Jan 11, 2016 03:44 AM