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Michael Salamone

Answers by Michael Salamone

2 answers · 10 pts

Who is responsible for tree removal?

Asked by Seb · 06-27-2023

Michael Salamone
Michael Salamone06-30-2023

This is something to discuss with whomever is representing you (Your Agent). In this case it sounds like the buyers are making it a part of their negotiation.

What is FIRPTA?

Asked by Rodrigo · 05-26-2023

Michael Salamone
Michael Salamone06-30-2023

FIRPTA is a tax law that imposes U.S. income tax on foreign persons selling U.S. real estate. Under FIRPTA, if you buy U.S. real estate from a foreign person, you may be required to withhold 10% of the amount realized from the sale. The amount realized is normally the purchase price.