Sold – Maintenance Free Condo for Sale in Heron Lakes, Venice FL
This beautifully updated 2 bedroom 2 bathroom maintenance free condo for sale in Heron Lakes, Venice FL was sold by Kwee Huset of Kwee Huset Realty.
Heron Lakes is a stable community. It is pet friendly and without age restriction. To see what is available for sale here.
Condo for sale – Foreign Sellers
Foreign sellers of U.S. Real property is subject to Foreign Investment in Real Property Tax Act (FIRPTA). Section 1445 of the Internal Revenue Code requires the buyer of the real property must withhold 10% of the amount realized by the seller on the transfer and remit the withheld amount to the Internal Revenue Service (IRS). However, no withholding is required if the buyer purchases a U.S. real property interest for use as a residence and the amount realized on the transaction is $300,000 or less.
The foreign sellers from Canada were happy and satisfied that the buyer plans to reside in the condo for a 2 year period following the date of the transfer.
Sold – Heron Lakes Welcome New owner to Community
The new owners from New Jersey are very kind, have knowledge about the real estate market condition and understand of foreign seller’s procedure. They made a smart decision with the price and offer to the sellers with Buyer’s FIRPTA affidavit, so that the Attorney Office, who handled the closing, was not required to withhold the 10 percent of purchase price and remit to the IRS.
If the buyers make a false statement, they could be punished by fine, imprisonment or both.
The buyers enjoy their new condo and celebrated Memorial Day in Heron Lakes, Venice Florida
Call REALTOR® Kwee at 941-716-3090 if you are looking for a condo for sale or click here to find Heron Lakes, Maintenance free Condos for Sale in Venice FL
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