AKA Foreign Investment in Real Property Tax Act or FIRPTA. Love government acronyms…don’t you? If you are a St George real estate buyer and your agent does not do everything correctly you could and will be liable for a huge tax liability on the St George and Washington county real estate or home you purchase. The sale or disposition of a U. S. real property interest by a foreign person is subject to income tax withholding under FIRPTA. Your buyers agent better be up to speed on this, unless of course you, as a buyer want to pay twenty percent of the sales price to the U. S. government. No I didn’t think so. You will be responsible for that tax money to be paid if the real estate agents don’t handle this correctly. this is new stuff so be prepared to find mystified Realtors! Go with experience and an agent that is constantly training and taking courses to keep their clients safe from troubled waters. There are many pitfalls for buyers and sellers and i pride myself in making sure these pitfalls are prevented and or dealt with correctly.
Call me today so I can give you a private tour and show you the inside of all the homes for sale that meet your criteria in Washington County in less than two hours! I can show you any home for sale in the St George area listed by any company anywhere in the city. Then you don’t have to keep searching for open houses on the weekend. We can go anytime you want. Let’s get you out there.
Contact me and I can help get you fully qualified because when you find that perfect home in southern Utah you will want to be ready to write the offer on your new home. You do not want to lose your dream home because someone had a strong qualification letter from their lender showing that they are capable of purchasing the home. Contact me and I can help direct you to the lender that will do the best job for your particular situation.
