Specialist · Davie FL · Member since 2009 · 147 posts · 35 votes
Hi BP,
I wholesale real estate in South Florida, and have been doing so for a couple years with much success. Due to the power of the internet, I have been getting and influx of international buyers wanting to buy properties from my company.
I am very familiar with the processes of double closing or assigning my contract to my US based clients. However, I have yet to work with a international buyer.
What extra steps would I need to take to ensure a smooth transaction other than the norm, If any. Are there any good articles or readings that you can recommend?.
I want to ensure my clients have a great buying experience so I may win there repeat business
I always use this site as a informative source of reliable and genuine advice and any help would be appreciated.
Roofing Contractor · Spring, TX · Member since 2010 · 69 posts · 21 votes
15y
Hey Miss Murray,
This is just my assumption but I would think that if they are not able to be present at the title company, they would sign some sort of power of attorney to a representing party on their behalf. The title company might have a way to arrange a closing at a title company in their location and forward everything. Just my guess. Congrats on your success and best of luck to ya....Luis
Real Estate Investor · Walled Lake, MI · Member since 2010 · 121 posts · 66 votes
15y
Michelle, there are a number of legal and tax items to be aware of for international buyers. If you're going to be doing a lot of business with international buyers it probably makes sense for you to sit down with an attorney and a CPA to discuss the hurdles international investors need to get over.