foreign investors in usa: Home Prices Begin Rebounds in Florida, Lee County - 07/24/11 03:04 AM
Article from Fort Myers News Press:
Another big jump in home prices could mean Lee County’s real estate market is no longer just skipping along the bottom. 
The median price of an existing house in Lee County jumped to $117,100 in June, up 21 percent from $96,600 for the same month a year ago, according to figures released Wednesday by Florida Realtors. 
Condo prices also rose — up 13 percent to $149,100 in June from $131,400 a year ago. 
Denny Grimes, a Realtor with Denny Grimes and Co., said although there’s little variation in median sales price month by month, in … (0 comments)

foreign investors in usa: TAXES AND THE FOREIGN INVESTOR - 01/23/11 12:33 AM
TAXES AND THE FOREIGN INVESTOR   FIRPTA ia an acronym for the Foreign Investment Real Property Tax Act. It's purpose is to assure that capital gain, if any, is paid before funds can be removed outside the taxing jurisdiction of the United States.  As a matter of law, 10% of the gross sales price must be withheld by the purchaser of property acquired from a foreign person, unless there is an exemption from the tax.  When applicable, FIRPTA withholding tax is paid directly to the I.R.S. within 20 days of the real estate transfer unless a withholding certificate is applied for … (2 comments)

 
Jeanette Igoe, CIPS, GRI, TRC, SFR, e-PRO, CFS, (Igoe Realty P.A.)

Jeanette Igoe

CIPS, GRI, TRC, SFR, e-PRO, CFS,

Estero, FL

More about me…

Igoe Realty P.A.

Address: PO Box 314, Estero, Fl, 33929-0314

Office: (866) 354-9927

Mobile: (239) 572-3269

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