Go Back  British Expats > Living & Moving Abroad > Moving back or to the UK
Reload this Page >

Selling US property whilst living in the UK.

Selling US property whilst living in the UK.

Thread Tools
 
Old Dec 7th 2019, 5:42 am
  #1  
BE Forum Addict
Thread Starter
 
Joined: Oct 2010
Location: The sunshine state
Posts: 1,358
Bud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond repute
Default Selling US property whilst living in the UK.

Anyone any experience of selling a property in the US ( Florida ) while being resident in the UK.? If it helps , my daughter is still resident in the US and has power of attorney to act on my behalf. She lives about 90 miles away from the property I'm looking to sell. Also we are still clients of a US based accountants. I know a lump sum from the proceeds of the sale will be held back for the IRS ( 30% ? ) The property is currently rented out with the lease expiring in April. Our management company said they could handle the sale, but I'm not sure if that is the best way to go. I'm thinking of an independent appraiser and a realtor..
Any advice would be appreciated.
Bud the Wiser is offline  
Old Dec 10th 2019, 3:27 pm
  #2  
BE Forum Addict
 
Joined: Sep 2009
Posts: 1,197
between two worlds has a reputation beyond reputebetween two worlds has a reputation beyond reputebetween two worlds has a reputation beyond reputebetween two worlds has a reputation beyond reputebetween two worlds has a reputation beyond reputebetween two worlds has a reputation beyond reputebetween two worlds has a reputation beyond reputebetween two worlds has a reputation beyond reputebetween two worlds has a reputation beyond reputebetween two worlds has a reputation beyond reputebetween two worlds has a reputation beyond repute
Default Re: Selling US property whilst living in the UK.

Re the management of the sale, I only have experience of a realtor doing such a sale--preferable to mgmt company it seems to me, as they can market widely on multi-listing.

Re your being in UK, yes, someone in US with power of attorney does help.

You might also need to sign/validate some of the documents via the process called "apostille" which means a lawyer in UK sending them by courier to a special office in London (if I remember rightly) so that adds some complexity and expense...but maybe if your daughter has POA that isn't necessary...details hazy in memory.

Also, different states, different rules, as you'll know, and I don't know about Florida. Once you've decided re management company or realtor, then I'd contact their title/sale management department, whoever handles all the documents and payments and everything for the sale, to ask about how it works when seller lives overseas.
between two worlds is offline  
Old Dec 12th 2019, 4:22 am
  #3  
BE Forum Addict
Thread Starter
 
Joined: Oct 2010
Location: The sunshine state
Posts: 1,358
Bud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond repute
Default Re: Selling US property whilst living in the UK.

Thanks for your input, much appreciated.
Bud the Wiser is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.