In the United States, the purchase process is closed at the office of a professional called a closing agent. They are responsible for holding the financial deposit, collecting the documents and preparing the deed.
Even if one of the parties is not in the US, the finalization agent can complete the deal by sending and receiving documents by post.
Heirs may have to pay 40% fees. How can this be avoided?
American real estate can be in the name of one or more individuals or even companies. It is very important to know that one of the biggest headaches when it comes to real estate in the USA is in the event of the death of the owner of the property. When the property is passed on to heirs, a tax rate of at least 40% is levied on them.
Buying through a company can be a legal solution for this type of situation, as the company's shares would automatically pass to the heirs and they would become the owners of the property, without the need for a surcharge.
Before signing the contract, we recommend contacting a good broker or investment professional to help you choose the best purchase strategy.
