What U.K. Residents Need to Know about Selling Their Orlando Homes
Many residents of the U.K. own real estate in Orlando and the nearby communities of Kissimmee, Davenport, Clermont, and Haines City. These cities are appealing to home buyers from England, Scotland, Wales and Northern Ireland since they are in the area surrounding Disney World – the most popular tourist destination in the United States.
When it comes time to sell a property in America, the rules can be very different from those in the United Kingdom, especially for U.K. owners, or Non-U.S. Residents (as they are referred to in the United States). As a result, it can be incredibly challenging to sell a second home, vacation rental or investment property.
U.K. owners are required to comply with rigorous U.S. policies to successfully sell their Florida property, such as complying with U.S. tax laws. The primary one that affects foreign owners is the Foreign Investment in Real Property Tax Act (FIRPTA).
In addition, a real estate agent needs timely access to show the home to potential buyers. As a result, U.K. owners typically rely on a management company, service providers and sometimes guests to maintain the property in the best condition possible.
That’s why it pays to hire a real estate firm experienced with foreign owners of vacation properties.
“We really appreciated the team’s knowledge and expertise. As UK residents we had no knowledge of selling in Florida. They recommended and got a selling price greater than we hoped and delivered the sale quicker than expected. The entire process was painless, their contacts and recommendations excellent. TD, TOTALLY DEPENDABLE. Thank you so much.” -- Alan D, Newcastle, U.K.
Let Team Donovan Do the Work for You
Team Donovan understands all the issues facing U.K. sellers of Florida homes. We are the top Central Florida real estate firm specialising in the sale of properties for use as a second home, investment, or both.
We are uniquely qualified to help homeowners from the United Kingdom since our lead broker is from England, where he worked as an estate agent. Many of our team members are from England as well.
When you hire us to sell your Orlando area home, we manage everything from marketing your property to working around any rental guests and dealing with management companies.
We understand the tax implications involved in your sale, and work with CPAs to ensure you comply with U.S. laws while minimizing your tax burden.
“We knew nothing about the Home Sale process in the US. We were informed at all stages and progress was communicated. Completion was very smooth and within the anticipated time. Very pleased.“ -- Peter B, Hampshire, U.K.
Constant Communication Alleviates Stress
It can be stressful not knowing how the sale of your home is progressing when you live across the Atlantic, thousands of miles away!
We ensure the whole selling experience is as “hassle-free” as possible. You can rely on us to handle the entire process and most importantly, keep you as the owner updated on a regular basis. This allows you to know what is happening and when. We email documents to you for electronic signature, and notary appointments can be made online.
We can even assist in getting the funds transferred at the best possible exchange rates from USD to GBP if desired. This gives you security, knowing your Florida property can be sold without having to leave the comfort of your home.
Contact Team Donovan today for a free, no-obligation consultation.