FIRPTA Foreign Investment in Real Property Tax Act The United States Federal Tax Law requires that a foreign citizen who sells real estate owned in this country pay taxes on the profit of such sale. To insure that the tax is paid, 15% of the proceeds at closing are withheld and transferred to the United States Treasury. The 15% withholding is mandatory if the seller is a … Keep reading... about FIRPTA Foreign Investment in Real Property Tax Act
Buying Real Estate
Shell Creek Estate Land
Shell Creek Estate Land 3400 ARCADIA RD, PUNTA GORDA, FL 33982 Wooded estate home site on Shell Creek includes approximately 2 acres of high ground (not in flood zone) on 10.85 acres, with large oak trees and frontage on US 17 (Duncan Rd). Property includes access to a private boat ramp just up the creek off Washington Loop Rd. Will consider owner financing. Shell … Keep reading... about Shell Creek Estate Land
Port Charlotte Lot Public Water
Port Charlotte Lot Public Water 1332 PATTON ST, PORT CHARLOTTE, FL 33953, $4,500. Building lot in NW Port Charlotte. County water service. Easy drive to beach, shopping mall with major stores and Spring Training baseball. 10,000 s/f wooded lot with room for a large home and pool. Quick 6 miles to I-75. Port Charlotte Lot With Public Water County: Charlotte Subdiv: … Keep reading... about Port Charlotte Lot Public Water
Stay on Track for Home Closing
Closing the sale of a home can be a stressful and time consuming process. The usual time for a home closing from contract acceptance to move in day is between 45 - 60 days. Many buyers moving to Florida are eager to move into their new home and want to speed things along. Whether you have all the time in the world or you wish a fast home closing, you will want to have an … Keep reading... about Stay on Track for Home Closing
Get a CLUE Insurance Report
Obtain an Insurance CLUE Report Have you heard the term, Get a Clue? If you are in the market for a home, it is a good idea. In this case a CLUE is an acronym for Comprehensive Loss Underwriting Exchange. Insurers use a CLUE report as one piece to evaluate the risk of a property. As a prospective buyer of a home, you can request that the seller provide this report as part … Keep reading... about Get a CLUE Insurance Report
Tropical Gulf Acres Building Lot
Tropical Gulf Acres building lot for sale. Close to Punta Gorda and I-75 for easy commute to Cape Coral, Ft. Myers or to the airport. Great price. No deed restrictions. Plenty of room for a pool. Tropical Gulf Acres is a quiet but growing community. Only six miles from downtown Punta Gorda with its great restaurants, shops and galleries, this is a perfect place to build a … Keep reading... about Tropical Gulf Acres Building Lot
To Build or Buy an Existing Home
There are many reasons to build a new home but there are just as many reasons to consider an existing home. A person considering a move should carefully weigh the costs and challenges whether to build or buy an existing home. In Florida, the average time to complete new home construction is seven months. However, that number is somewhat misleading. Seven months is the … Keep reading... about To Build or Buy an Existing Home
Fannie Mae and Freddie Mac Mortgages
Check out these interesting programs for moderate income buyers. If you can't come up with a big downpayment, don't dispair. There are now mortgages for you! If you are a young person or family who is renting a home or condo but wish to buy, you have options. Fannie Mae offers mortgages through a program called HomeReady. Freddy Mac has a program called Home Possible … Keep reading... about Fannie Mae and Freddie Mac Mortgages
Real Estate Sales Report Charlotte and Sarasota Counties, FL August 2015
Real Estate Sales Reports for Single Family Homes sold in Charlotte and Sarasota Counties in the 30 days prior to 9/5/2015 During August, 2015 there were 1,037 single family homes reported sold in the MLS of Charlotte and Sarasota Counties. Ave. Listing Price: $302,862 Ave. Selling Price: $289,067 Ave. Selling Price as a Percent of List Price: 95% 344 of the reported … Keep reading... about Real Estate Sales Report Charlotte and Sarasota Counties, FL August 2015
Heritage Oak Condo
GATED HERITAGE OAK PARK 3 BEDROOM CONDO. INCLUDES GARAGE, COVERED CARPORT AND EXTRA STORAGE ROOM. $139,900 Call Jim Mulligan at 941-456-3034 or email: jim@suncoasteam.com for more information End unit for lots of light. Largest condo unit size in complex. Floor plan available. Second story unit, walk up. Vaulted ceilings in the large, open Great Room (living room / dining … Keep reading... about Heritage Oak Condo