Xena Vallone Realty Global Services

The purchase of residential real estate can be a profitable investment and nowhere more so than in Sarasota.

Xena Vallone Realty Global Services is a full-service program specifically designed to help our clients locate, finance and manage their investments in the most informed and beneficial manner.

Real Estate
Assists our clients with identifying properties that fit the investment strategy
Property Management
Allows our clients to be the investor, not the landlord
Tax & Legal
Ensures our clients structure their purchase in the most profitable manner
Financing
Pre-Approvals (Decision in Principle) and multiple loan products for U.S. residents and non-residents
Investing for Non-U.S. Residents
Real Estate
Our real estate services focus on our client's individual investment strategy. We have agents who specialize in the following:
Individual Units
For investment or as a secondary home
Bulk Purchases
Group or individual multi-unit investment in new developments
Diversified Investment Portfolio
Group or individual multi-unit mixed investment including diversification of unit size and location in both new developments and re-sale properties
Sarasota residential real estate has always been a sound investment. The city is geographically small and sustainable, the real estate market is historically resilient and the rental vacancy rates are traditionally around 1%.

Xena Vallone Global Services, our full-service program for real estate investors, helps our clients take advantage of the opportunities that are ever present in the Sarasota market and invest smartly.

Property Management
Xena Vallone Property Management allows our investors clients to be just that, investors not landlords. Xena Vallone Management Company employs a dedicated property manager to coordinate with our clients and perform all aspects of managing investment properties including:

Tenant placement and management
Maintenance of units including repairs
Billing including rent collection and payment of building fees
Quarterly & Annual Investor statements

Tax & Legal
Non-U.S. residents investing in United States property must be cognizant of U.S. federal and state tax law in order to comply with and minimize tax liability. Our partners assist clients in structuring investments in the most tax advantageous manner. Services include:

Formation of LLC or Corporation
Irrevocable Trusts
U.S. tax reporting and elections

Financing
Xena Vallone Realty's financing partner offers multiple products and up to 60% financing for cross-border real estate investors. A complimentary 'Decision in Principle' program lets you focus your search on the properties that are right for you.

U.S. and non-U.S. Cross Border Investments

While we believe there is no greater place to invest than Sarasota, we recognize the attraction of other locations in the United States and around the world. Many of the Xena Vallone Realty services are available to those wishing to invest in U.S. domestic and international locations.

Xena Vallone Global Services, a division of Xena Vallone Realty, is a recognized leader in the real estate and relocation industry. Responsible for the successful purchase and sale of homes and luxury property in Sarasota areas of Siesta Key, Longboat Key and Lido Beach as well as to locations internationally, Xena Vallone Global Services Move Consultants are a full service resource and valued advisor to all our individual, luxury and relocating clients renting, buying or selling real estate in any location.

Information for Non-US Residents

To enhance your buying and selling experience, it’s our job as real estate professionals at Xena Vallone Realty to provide you with as much valuable information as possible. It is essential that the buyer or seller be aware of all aspects of the real estate market before making a major decision. Whether it be through newsletters, checklists or news articles, we are here to make this process stress-free and rewarding. Please access our Information for Non-US Residents

Information for Non US-Residents

Sarasota,Florida Investing for Non-U.S. Residents

FIRPTA Withholding

Withholding of Tax on Dispositions of United States Real Property Interests

The disposition of a U.S. real property interest by a foreign person (the transferor) is subject to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) income tax withholding. FIRPTA authorized the United States to tax foreign persons on dispositions of U.S. real property interests. A disposition means “disposition” for any purpose of the Internal Revenue Code. This includes but is not limited to a sale or exchange, liquidation, redemption, gift, transfers, etc. A U.S. real property interest includes sales of interests in parcels of real property as well as sales of shares in certain U.S. corporations that are considered U.S. real property holding corporations. Persons purchasing U.S. real property interests (transferee) from foreign persons, certain purchasers' agents, and settlement officers are required to withhold 10 percent of the amount realized (special rules for foreign corporations). Withholding is intended to ensure U.S. taxation of gains realized on disposition of such interests. The transferee/buyer is the withholding agent. If you are the transferee/buyer you must find out if the transferor is a foreign person. If the transferor is a foreign person and you fail to withhold, you may be held liable for the tax. For cases in which a U.S. business entity such as a corporation or partnership disposes of a U.S. real property interest, the business entity itself is the withholding agent.

The amount that must be withheld from the disposition of a U.S. real property interest can be adjusted pursuant to a withholding certificate issued by the IRS.

A disposition includes the sale of any U.S. real property interests in the United States or U.S. Virgin Islands.
Generally speaking, in reference to the disposition of a U.S. real property interest, the foreign person disposing of the US real property interest is referred to as the transferor.
The purchaser of the U.S. real property interest is referred to as the transferee.
Generally, the amount realized is the purchase/sales price of the U.S. real property interest but can also include any property received by the transferor and any liability relieved of by the transferor.
Generally, the buyer/transferee must determine if the seller is a foreign person. If so, the buyer/transferee is responsible for the withholding taxes.
The buyer/transfer may be held liable for the tax that should have been withheld on the purchase.

One of the most common exceptions to FIRPTA withholding is that the buyer/transferee is not required to withhold tax in a situation in which the buyer/transferee purchases real estate for use as his personal residence and the purchase price is not more than $300,000.

For additional information on the withholding rules that apply to corporations, trusts, estates, and REITs, refer to section 1445 of the Internal Revenue Code and the related regulations. For additional information on the withholding rules that apply to partnerships, refer to discussion under partnership withholding. Also consult IRS Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities, section U.S. Real Property Interest.

Xena Vallone Realty Global Services

Information for Non-US Residents