Buying Real Estate in AZ as a Canadian
Text of video below.
Hi I am Adam Tarr, Associate Broker with Citywide Real Estate in wonderful
It is easy to jump on a plane to visit and find a realtor while you’re here. But while that agent may know homes, does he or she know the details that are important that will make life easier for you in the future. You should ask about experience. Does that person know the forms that will be necessary for you to fill out, or do they have the resources to contact for information that is beyond their knowledge. Most don’t and you may not know it until it is too late.
There is no simple answer regarding taxes because everyone’s financial situation is different. It is always best to consult with a tax professional. I will be happy to supply contact info for cross border specialists for anyone who needs it.
What your tax liability and reporting requirements will be depends on whether you are purchasing a property for personal use or for income.
I don’t want this to be ten minutes long, so I’ll leave this with the key point that you need to know who you are working with and that they know the information that is important to you and your circumstances. Next time I’ll talk some specifics regarding reporting requirements for property used for personal use.
Remember, seek out the right agent. I am Adam Tarr PC. I hold the Resort and Second Home Property Specialist Designation from the National Assoc. of Realtors and I want to be your holiday home specialist.
Have a great day and make it great for others as well.
Adam Tarr PC
Citywide Real Estate
Phoenix, AZ
480-236-7374
adam@weareazrealestate.com