Real Estate
Our firm has the ability to assist clients in all areas of real estate including acquisitions, financing, leasing and sales. Our practice focuses primarily on private and family acquisitions (including houses, co-ops, and condominiums), and we represent clients nationwide.
We will guide you through all aspects of the real estate transactions, including but not limited to:
Contract Negotiation
Contract Drafting and Review
Offering Plans for Co-ops or Condominiums
Real Estate Appraisals
Land Surveys
Title Searches
Inspection
Financing
Closings
What should overseas buyers consider?
For many Americans, purchasing property in the U.S. can be a daunting and confusing process. For non-U.S. citizens looking to buy U.S. property, the process can be even more complicated. However, given America’s unique economic opportunities and low interest rates, many overseas investors are interested in purchasing U.S. real estate.
Ashenberg Law Group, P.C. has over 30 years of experience dealing with these matters along with a team of Mandarin speaking staff that can help answer any questions you may have.
Will the property you are planning to purchase be used as an investment/rental property, vacation home or permanent residence? Our team can advise you on the best structure to help achieve your goals.
How are you planning to use the property?
The rules and fees for purchasing real estate in the United States can vary from state to state and the form of ownership. Is the property a private residence, a condominium, or a co-op interest? Since each form of ownership has different legal consequences, careful thought and planning needs to be taken before completing the purchase.
What type of property are you looking to purchase?
Buying property in the United States does not necessarily give the owner any rights regarding legal status. Our firm provides a full range of immigration and international tax planning services to clients to help them maximize the benefits that can be obtained from such investments.
What are the legal issues regarding residency?
In general, many overseas buyers prefer to pay for their investment with personal funds because it speeds up the process. Options for financing are often limited given the buyer’s lack of credit history in the United States. Our network of contacts can help assist you in the process of applying for U.S.-based financing.
How will you be paying for the investment?
There are a host of financial, legal and administrative issues that a prospective purchaser needs to be aware of, including: currency exchange rates, wiring fees, homeowners dues and restrictions, and property tax filings. Our team of experienced professionals is here to assist you with any questions you may have, and to avoid the imposition of any late payment or penalty costs.
Are you prepared to file and pay U.S. taxes?
Are you prepared to start paying U.S. taxes?
Simplify the Process by Preparing for It
Buying U.S. real estate can be time consuming and requires the submission of a lot of paperwork. Documents, including bank statements, forms of identification, and verification of your assets may be required. It is important that you do not get discouraged.
Ashenberg Law Group, P.C. is here to help and make the process as stress-free and pleasant as possible.
